M+ Online Market Wrap - 4 Jan 24

FBM KLCI: 1,477.26 pts (+14.89pts, +1.02%)

The FBM KLCI (+1.02%) closed higher, bucking the negative regional markets' performances; buying interest built up within the Utilities and Banking heavyweights. Market breadth was positive as gainers outnumbered losers by 630-to-424 stocks. On the broader market, the Utilities sector (+3.88%) was the leading sector, thanks to buying support in TENAGA (+36.0 sen) and YTLPOWR (+20.0 sen). Meanwhile, the Transportation & Logistics sector declined by 0.83% following selling pressure in BIPORT (-60.0 sen) and HEXTECH (-24.0 sen).

Top 3 Active stocks:
MINETEC (7219): RM0.21 (+3.5 sen)
HONGSENG (0041): RM0.025 (-0.5 sen)

EKOVEST (8877): RM0.55 (+1.0 sen)

Volume: 6.37 bn (100-day avg vol: 3.47 bn)
Value: RM3.82 bn (100-day avg val: RM2.22 bn)
Market Breadth: ⬆️630 ⬇️424
Crude palm oil: RM3,660 (+RM39)

Dow Futures: 37,742 pts (+45 pts)

Source: Bloomberg, M+ Online

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