M+ Online Market Wrap - 29 Nov 23

FBM KLCI: 1,446.07 pts (-1.95pts, -0.13%)

The FBM KLCI (-0.13%) ended marginally lower, erasing the morning session's gains, as investors were taking profits due to the weak market sentiment dragged by the poor regional markets performances. Market breadth was negative as losers outnumbered gainers by 588-to-354 stocks. On the broader market, the REIT sector (+0.27%) closed higher thanks to buying support in KLCC (+5.0 sen) and PAVREIT (+1.0 sen), the former posted marginally better QoQ earnings. Meanwhile, the Healthcare sector declined -1.47% following the selling pressure in glove counters namely, TOPGLOV (-4.0 sen) and HARTA (-8.0 sen).

Top 3 Active stocks:
TOPGLOV (7113): RM0.86 (-4.0 sen)
FITTERS (9318): RM0.05 (unch)

LEFORM (0266): RM0.32 (+0.5 sen)

Volume: 3.28 bn (100-day avg vol: 3.32 bn)
Value: RM2.27 bn (100-day avg val: RM2.09 bn)
Market Breadth: ⬆️354 ⬇️588
Crude palm oil: RM3,876 (-RM21)

Dow Futures: 35,537 pts (+92 pts)

Source: Bloomberg, M+ Online

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