M+ Online Market Wrap - 18 Jan 24

FBM KLCI: 1,479.18 pts (-12.03pts, -0.81%)

The FBM KLCI (-0.81%) ended lower, bucking the mostly positive regional markets, as the index was dragged by selling pressure in the YTL-related and selecting banking heavyweights. Market breadth was negative as losers more-than-quadrupled gainers by 885-to-218 stocks. On the broader market, the Utilities sector (-2.26%) was the worst performing sector due to selling pressure in YTL (-19.0 sen) & YTLPOWR (-21.0 sen), followed by the Construction sector (-2.06%) fell due to selling pressure in IJM (-5.0 sen) & GAMUDA (-6.0 sen).

Top 3 Active stocks:
ANTRONIQ (0038): RM0.23 (-26.5 sen)
WIDAD (0162): RM0.19 (-30.0 sen)

FITTERS (9318): RM0.045 (-1.0 sen)

Volume: 6.10 bn (100-day avg vol: 3.68 bn)
Value: RM3.62 bn (100-day avg val: RM2.36 bn)
Market Breadth: ⬆️218 ⬇️885
Crude palm oil: RM3,897 (+RM82)

Dow Futures: 37,436 pts (-22 pts)

Source: Bloomberg, M+ Online

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