M+ Online Market Wrap - 7 Feb 24

FBM KLCI: 1,513.11 pts (+0.13pts, +0.01%)

The FBM KLCI (+0.01%) ended flat, in line the mixed regional markets' performance, as buying interest in the YTL-related counters had offset the losses in selected Industrial Products and Telco heavyweights. Market breadth was negative as losers outpaced gainers by 552-to-385 stocks. On the broader market, the Utilities sector (+1.30%) was the leading sector, led by buying interest within YTLPOWR (+17.0 sen) and YTL (+5.0 sen), while the Telco & Media sector declined (-1.05%) due to selling pressure in TM (-12.0 sen) and ASTRO (-0.5 sen).

Top 3 Active stocks:
RENEUCO (7130): RM0.05 (-3.0 sen)
MINETEC (7219): RM0.13 (-1.0 sen)

VELESTO (5243): RM0.255 (unch)

Volume: 3.04 bn (100-day avg vol: 3.72 bn)
Value: RM2.08 bn (100-day avg val: RM2.40 bn)
Market Breadth: ⬆️385 ⬇️552
Crude palm oil: RM3,882 (+RM39)

Dow Futures: 38,632 pts (+19 pts)

Source: Bloomberg, M+ Online

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