M+ Online Market Wrap - 15 Feb 24

FBM KLCI: 1,528.38 pts (-0.95pts, -0.06%)

The FBM KLCI (-0.06%) ended marginally lower, despite the positive regional markets' performance, as the index was dragged by selected Telco, Consumer Products and Plantation heavyweights. Market breadth was positive as gainers outnumbered losers by 557-to-370 stocks. On the broader market, the Telco & Media sector (+1.04%) was the leading sector, led by buying interest within TIMECOM (+4.0 sen) and REDTONE (+9.0 sen), while the Construction sector (-0.72%) declined due to selling pressure in GAMUDA (-6.0 sen) and WCEHB (-3.0 sen).

Top 3 Active stocks:
TWL (7079): RM0.035 (unch)
HONGSENG (0041): RM0.02 (unch)

MINETEC (7219): RM0.17 (+2.0 sen)

Volume: 3.68 bn (100-day avg vol: 3.69 bn)
Value: RM2.28 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆️557 ⬇️370
Crude palm oil: RM3,908 (-RM40)

Dow Futures: 38,573 pts (+79 pts)

Source: Bloomberg, M+ Online

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