M+ Online Market Wrap - 20 Dec 23

FBM KLCI: 1,464.56 pts (-1.11pts, -0.08%)

The FBM KLCI (-0.08%) ended marignally lower, despite the postive regional markets, as profit taking activities emerged within the banking segment, while investors were eyeing for the 3rd quarter US GDP and PCE data. Market breadth was negative with losers led gainers by 465-to-411 stocks. On the broader market, the Telco & Media sector (+0.89%) was the leading sector, thanks to buying support in AXIATA (+3.0 sen) and MAXIS (+3.0 sen). Meanwhile, the Healthcare sector declined by 1.45% following selling pressure in TOPGLOV (-3.5 sen) and HARTA (-5.0 sen).

Top 3 Active stocks:
TOPGLOV (7113): RM0.905 (-3.5 sen)
TWL (7079): RM0.035 (+0.5 sen)

JTGROUP (0292): RM0.31 (+4.0 sen)

Volume: 3.84 bn (100-day avg vol: 3.37 bn)
Value: RM2.67 bn (100-day avg val: RM2.18 bn)
Market Breadth: ⬆️411 ⬇️465
Crude palm oil: RM3,776 (+RM21)

Dow Futures: 37,893 pts (-38 pts)

Source: Bloomberg, M+ Online

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