M+ Online Market Wrap - 27 Dec 23

FBM KLCI: 1,454.22 pts (+3.44pts, +0.24%)

The FBM KLCI (+0.24%) closed higher in line with the postive regional markets, as the strong overnight Wall Street performance buoyed investor confidence, coupled with the window dressing activities could be taking shape. Market breadth was positive as gainers outpaced losers by 468-to-380 stocks. On the broader market, the Utilities sector (+0.57%) was the leading sector, thanks to buying support in YTLPOWR (+3.0 sen) and YTL (+1.0 sen). Meanwhile, the REIT sector declined by 0.25% following selling pressure in KLCC (-8.0 sen) and SUNREIT (-2.0 sen).

Top 3 Active stocks:
SCABLE (5170): RM0.39 (+11.0 sen)
VELESTO (5243): RM0.23 (unch)

ZELAN (0283): RM0.085 (+1.5 sen)

Volume: 3.29 bn (100-day avg vol: 3.37 bn)
Value: RM2.06 bn (100-day avg val: RM2.18 bn)
Market Breadth: ⬆️468 ⬇️380
Crude palm oil: RM3,765 (+RM2)

Dow Futures: 37,883 pts (-11 pts)

Source: Bloomberg, M+ Online

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