M+ Online Market Wrap - 11 Dec 23

FBM KLCI: 1,446.39 pts (+4.42pts, +0.31%)

The FBM KLCI (+0.31%) ended higher in tandem with the mostly postive regional markets, coupled with the solid close last week on Wall Street; last minute buying pressure was noticed within PCHEM (+11.0 sen). Market breadth was positive with gainers led losers by 483-to-397 stocks. On the broader market, the Utilities sector (+2.80%) closed higher thanks to buying support in YTL (+18.0 sen) and YTLPOWR (+9.0 sen) continuing the momentum after the Jensen Huang visit in Malaysia last week. Meanwhile, the Energy sector ended lower, declining by -0.42% following the selling pressure in DIALOG (-3.0 sen) and ARMADA (-1.0 sen).

Top 3 Active stocks:
SAUDEE (5157): RM0.025 (unch)
YTL (4677): RM1.87 (+18.0 sen)

YTLPOWR (6742): RM2.51 (+9.0 sen)

Volume: 3.82 bn (100-day avg vol: 3.35 bn)
Value: RM2.47 bn (100-day avg val: RM2.14 bn)
Market Breadth: ⬆️483 ⬇️397
Crude palm oil: RM3,762 (+RM22)

Dow Futures: 36,620 pts (-23 pts)

Source: Bloomberg, M+ Online

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