M+ Online Market Wrap - 5 Feb 24

FBM KLCI: 1,511.34 pts (-5.24pts, -0.35%)

The FBM KLCI (-0.35%) ended lower, in line with the mixed regional markets' performance, dragged by selling pressure within selected industrial products and utilities heavyweights. Market breadth was negative as losers outpaced gainers by 605-to-390 stocks. On the broader market, the Telco & Media sector (+0.69%) was the leading sector, led by buying interest within TM (+5.0 sen) and CDB (+1.0 sen), while the Utilities sector declined (-1.39%) due to selling pressure in YTLPOWR (-20.0 sen) and TENAGA (-12.0 sen).

Top 3 Active stocks:
FINTEC (0150): RM0.005 (unch)
MRCB (1651): RM0.595 (-2.0 sen)

TWL (7079): RM0.04 (unch)

Volume: 3.22 bn (100-day avg vol: 3.72 bn)
Value: RM2.12 bn (100-day avg val: RM2.39 bn)
Market Breadth: ⬆️390 ⬇️605
Crude palm oil: RM3,799 (+RM35)

Dow Futures: 38,680 pts (-85 pts)

Source: Bloomberg, M+ Online

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