M+ Online Market Wrap - 28 Nov 23

FBM KLCI: 1,446.88 pts (-1.27pts, -0.09%)

The FBM KLCI (-0.01%) ended flat despite the positive momentum in the morning session, as profit taking activities emerged after the midday break which indicates that market sentiment may still be uncertain while investors await the key economic data such as Consumer Confidence, GDP, PCE and PMI this week. Market breadth was negative as losers outpaced gainers by 526-to-390 stocks. On the broader market, the Healthcare sector (+1.43%) closed higher thanks to buying support in IHH (+4.0 sen) and TOPGLOV (+2.0 sen). Meanwhile, the Energy sector declined -1.06% following the selling pressure in VELESTO (-1.0 sen) and HIBISCS (-7.0 sen).

Top 3 Active stocks:
HONGSENG (0041): RM0.025 (unch)
TOPGLOV (7113): RM0.90 (+2.0 sen)

CSH (7165): RM0.06 (+0.5 sen)

Volume: 3.81 bn (100-day avg vol: 3.31 bn)
Value: RM2.39 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️390 ⬇️526
Crude palm oil: RM3,877 (-RM14)

Dow Futures: 35,345 pts (-28 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.