M+ Online Market Wrap - 11 Jan 24

FBM KLCI: 1,483.00 pts (-3.86pts, -0.26%)

The FBM KLCI (-0.26%) ended lower despite the positive rebound in the regional markets, as selling pressure was seen in gaming and selected industrial products heavyweights. Market breadth was negative as losers led gainers by 568-to-406 stocks. On the broader market, the Energy sector (+1.46%) was the leading sector with buying interest in DAYANG (+7.0 sen) and VELESTO (+1.0 sen). Meanwhile, the Property sector declined by 0.92%, due to selling pressure in RAPID (-488.0 sen) and YNHPROP (-95.0 sen). 

Top 3 Active stocks:
HONGSENG (0041): RM0.02 (unch)
TWL (7079): RM0.04 (-1.0 sen)

MINETEC (7219): RM0.22 (-0.5 sen)

Volume: 4.64 bn (100-day avg vol: 3.59 bn)
Value: RM3.00 bn (100-day avg val: RM2.31 bn)
Market Breadth: ⬆️406 ⬇️568
Crude palm oil: RM3,799 (+RM42)

Dow Futures: 38,021 pts (+85 pts)

Source: Bloomberg, M+ Online

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