M+ Online Market Wrap - 9 Jan 24

FBM KLCI: 1,498.83 pts (+3.13pts, +0.21%)

The FBM KLCI (+0.21%) ended higher despite the mixed performance in the regional markets, led by buying support seen in selected Telco and Banking heavyweights. Market breadth was negative as losers outpaced gainers by 605-to-410 stocks. On the broader market, the Transportation & Logistics sector (+0.43%) was the leading sector with buying interest in BIPORT (+33.0 sen) and AIRPORT (+5.0 sen). Meanwhile, the Property sector declined by 1.92%, due to selling pressure in SPSETIA (-6.5 sen) and ECOWLD (-9.0 sen). 

Top 3 Active stocks:
TWL (7079): RM0.045 (+0.5 sen)
HONGSENG (0041): RM0.025 (-0.5 sen)

MINETEC (7219): RM0.235 (+1.5 sen)

Volume: 6.44 bn (100-day avg vol: 3.57 bn)
Value: RM3.77 bn (100-day avg val: RM2.28 bn)
Market Breadth: ⬆️410 ⬇️605
Crude palm oil: RM3,741 (+RM48)

Dow Futures: 37,827 pts (-106 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.