M+ Online Market Wrap - 16 Jan 24

FBM KLCI: 1,493.87 pts (-7.24pts, -0.48%)

The FBM KLCI (-0.48%) ended lower, in line with the negative regional markets, as the index was dragged by profit taking in the YTL-related counters. Market breadth was negative as losers more than doubled gainers by 775-to-324 stocks. On the broader market, both the Property (-2.15%) and Construction sectors (-1.59%) fell due to selling pressure in Dr Yu-related counters, namely YNHPROP (-74.0 sen) & RAPID (-241.0 sen), while IJM and WCEHB dropped 4.0 sen, respectively.

Top 3 Active stocks:
MINETEC (7219): RM0.155 (-2.0 sen)
SCIB (9237): RM0.835 (-35.5 sen)

LEFORM (0266): RM0.27 (-22.0 sen)

Volume: 5.84 bn (100-day avg vol: 3.64 bn)
Value: RM3.59 bn (100-day avg val: RM2.33 bn)
Market Breadth: ⬆️324 ⬇️775
Crude palm oil: RM3,868 (+RM68)

Dow Futures: 37,660 pts (-132 pts)

Source: Bloomberg, M+ Online

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