M+ Online Market Wrap - 29 Dec 23

FBM KLCI: 1,456.43 pts (-0.98pts, -0.07%)

The FBM KLCI (-0.19%) closed lower amid the mixed regional markets, as profit taking activities ramped up towards the end of the session offsetting the earlier window dressing activites. Market breadth was negative as losers outpaced gainers by 486-to-431 stocks. On the broader market, the Utilities sector (+1.39%) was the leading sector, thanks to buying support in TENAGA (+4.0 sen) and PBA (+18.0 sen). Meanwhile, the Telco & Media sector declined by 0.56% following selling pressure in CDB (-5.0 sen) and AXIATA (-4.0 sen).

Top 3 Active stocks:
GOCEAN (0074): RM0.225 (+10.0 sen)
PELIKAN (5231): RM0.28 (-5.5 sen)

DATAPRP (8338): RM0.17 (+1.5 sen)

Volume: 4.66 bn (100-day avg vol: 3.40 bn)
Value: RM2.95 bn (100-day avg val: RM2.19 bn)
Market Breadth: ⬆️431 ⬇️486
Crude palm oil: RM3,691 (-RM48)

Dow Futures: 38,068 pts (+39 pts)

**Source: Bloomberg, M+ Online**

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