M+ Online Market Wrap - 8 Feb 24

FBM KLCI: 1,512.36 pts (-0.75pts, -0.05%)

The FBM KLCI (-0.05%) ended flat after hitting intraday high around the 1,521 level, despite the solid closing in the US stock markets; selected Banking and Gaming heavyweights dragged the sentiment for the FBM KLCI. Market breadth, however was positive as gainers outnumbered losers by 574-to-361 stocks. On the broader market, the Construction sector (+1.78%) was the leading sector, led by buying interest within SUNCON (+16.0 sen) and WCEHB (+6.0 sen), while the Financial Services sector declined (-0.18%) due to selling pressure in HLBANK (-20.0 sen) and PBBANK (-2.0 sen).

Top 3 Active stocks:
PHB (4464): RM0.005 (unch)
EAH (0154): RM0.005 (-0.5 sen)

WIDAD (0162): RM0.125 (+1.5 sen)

Volume: 3.25 bn (100-day avg vol: 3.73 bn)
Value: RM2.00 bn (100-day avg val: RM2.40 bn)
Market Breadth: ⬆️574 ⬇️361
Crude palm oil: RM3,898 (+RM21)

Dow Futures: 38,749 pts (-25 pts)

Source: Bloomberg, M+ Online

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