M+ Online Market Wrap - 2 Feb 24

FBM KLCI: 1,516.58 pts (+3.60pts, +0.24%)

The FBM KLCI (+0.24%) ended higher, in line with the mostly positive regional markets' performance, with buying interest seen within selected banking and utilities heavyweights. Market breadth was negative as losers outpaced gainers by 690-to-311 stocks. On the broader market, the Consumer Products & Services sector (+0.70%) was the leading sector, led by buying interest within GENTING (+14.0 sen) and GENM (+7.0 sen), while the Energy sector declined (-1.58%) due to selling pressure in YINSON (-8.0 sen) and ARMADA (-1.5 sen).

Top 3 Active stocks:
MINETEC (7219): RM0.145 (unch)
VELESTO (5243): RM0.255 (-0.5 sen)

WIDAD (0162): RM0.135 (unch)

Volume: 3.66 bn (100-day avg vol: 3.71 bn)
Value: RM3.00 bn (100-day avg val: RM2.38 bn)
Market Breadth: ⬆️311 ⬇️690
Crude palm oil: RM3,761 (-RM37)

Dow Futures: 38,637 pts (+12 pts)

Source: Bloomberg, M+ Online

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