M+ Online Market Wrap - 4 Dec 23

FBM KLCI: 1,451.02 pts (-5.36pts, -0.37%)

The FBM KLCI (-0.37%) ended lower tracking the regional peers, as investors may be profit taking from the 2-day rebound move last week despite the positive US market sentiment last Friday. Market breadth was negative as losers almost doubled gainers by 591-to-306 stocks. On the broader market, the REIT sector (+0.08%) closed marginally higher and was the sole gainer thanks to buying support in IGBREIT (+3.0 sen) and SUNREIT (+1.0 sen). Meanwhile, the Industrial Products & Services sector ended lower, declined -1.00% following the selling pressure in PCHEM (-15.0 sen) and PMETAL (-3.0 sen).

Top 3 Active stocks:
FITTERS (9318): RM0.05 (unch)
VELESTO (5243): RM0.22 (-0.5 sen)

WIDAD (0162): RM0.47 (unch)

Volume: 3.16 bn (100-day avg vol: 3.35 bn)
Value: RM1.88 bn (100-day avg val: RM2.14 bn)
Market Breadth: ⬆️306 ⬇️591
Crude palm oil: RM3,831 (-RM43)

Dow Futures: 36,250 pts (-53 pts)

Source: Bloomberg, M+ Online

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