M+ Online Market Wrap - 8 Jan 24

FBM KLCI: 1,495.70 pts (+8.09pts, +0.54%)

The FBM KLCI (+0.54%) ended higher despite the negative performance of the regional markets, led by buying support seen in YTLPOWR (+22.0 sen), GENTING (+18.0 sen) and PBBANK (+3.0 sen). Market breadth was positive as gainers outpaced losers by 628-to-470 stocks. On the broader market, the Construction sector (+1.54%) was the leading sector with buying interest in GAMUDA (+12.0 sen) and IJM (+5.0 sen). Meanwhile, the Telco & Media sector declined by 0.36%, due to selling pressure in CDB (-2.0 sen) and AXIATA (-2.0 sen). 

Top 3 Active stocks:
EKOVEST (8877): RM0.59 (+3.5 sen)
HONGSENG (0041): RM0.03 (unch)

TAWIN (7097): RM0.045 (+0.5 sen)

Volume: 6.96 bn (100-day avg vol: 3.55 bn)
Value: RM4.21 bn (100-day avg val: RM2.26 bn)
Market Breadth: ⬆️628 ⬇️470
Crude palm oil: RM3,701 (+RM19)

Dow Futures: 37,555 pts (-164 pts)

Source: Bloomberg, M+ Online

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