M+ Online Market Wrap - 31 Jan 24

FBM KLCI: 1,512.98 pts (+0.23pts, +0.02%)

The FBM KLCI (+0.02%) ended flat, in line with the mixed regional markets' performance, with mixed sentiment seen within the utilities heavyweights as TENAGA rose, while YTL counters fell. Market breadth was negative as losers outpaced gainers by 635-to-401 stocks. On the broader market, the Energy sector (+1.81%) was the leading sector, led by buying interest within DAYANG (+16.0 sen) and YINSON (+3.0 sen), while the Technology sector declined (-1.59%) due to selling pressure in INARI (-8.0 sen) and MPI (-100.0 sen).

Top 3 Active stocks:
TWL (7079): RM0.04 (unch)
RENEUCO (7130): RM0.085 (-7.0 sen)

PERDANA (7108): RM0.265 (-0.5 sen)

Volume: 3.67 bn (100-day avg vol: 3.71 bn)
Value: RM2.85 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆️401 ⬇️635
Crude palm oil: RM3,811 (-RM31)

Dow Futures: 38,653 pts (+41 pts)

Source: Bloomberg, M+ Online

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