M+ Online Market Wrap - 16 Feb 24

FBM KLCI: 1,533.55 pts (+5.17pts, +0.34%)

The FBM KLCI (+0.34%) closed higher for the session and increased 1.41% for the week in tandem with the regional stock market performances, led by Telco and Transportation heavyweights. Market breadth was positive as gainers led losers by 553-to-450 stocks. On the broader market, the Transportation & Logistics sector (+0.87%) was the leading sector, led by buying interest in MISC (+15.0 sen) and GDEX (+1.0 sen), while the Utilities sector (-0.88%) fell due to selling pressure in YTL (-12.0 sen) and YTLPOWR (-11.0 sen).

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

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

Volume: 3.63 bn (100-day avg vol: 3.69 bn)
Value: RM2.36 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆553 ⬇450
Crude palm oil: RM3,820 (-RM1)

Dow Futures: 38,810 pts (-48 pts)

Source: Bloomberg, M+ Online

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