M+ Online Market Wrap - 3 Jan 24

FBM KLCI: 1,462.37 pts (+9.27pts, +0.64%)

The FBM KLCI (+0.64%) closed higher in line with regional markets, due to buying interest in Utilities and Industrial Product heavyweights, which picked up in the 2nd trading session. Market breadth was positive as gainers outnumbered losers by 715-to-352 stocks. On the broader market, the Property sector (+3.88%) was the leading sector, thanks to buying support in UEMS (+15.5 sen) and IOIPG (+8.0 sen). Meanwhile, the Technology sector was the sole decliner by 0.41% following selling pressure in D&O (-14.0 sen) and INARI (-4.0 sen).

Top 3 Active stocks:
MMAG (0034): RM0.15 (+2.5 sen)
MINETEC (7219): RM0.175 (+3.0 sen)

FITTERS (9318): RM0.05 (-0.5 sen)

Volume: 5.64 bn (100-day avg vol: 3.44 bn)
Value: RM3.12 bn (100-day avg val: RM2.21 bn)
Market Breadth: ⬆️715 ⬇️352
Crude palm oil: RM3,633 (-RM27)

Dow Futures: 37,976 pts (-17 pts)

Source: Bloomberg, M+ Online

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