M+ Online Market Wrap - 23 Feb 24

FBM KLCI: 1,549.11 pts (+3.62pts, +0.23%)

The FBM KLCI (+0.23%) closed higher, inline with the mostly positive regional stock markets' performances, boosted by the rebound in Utility heavyweights. However, Market breadth was negative as losers led gainers by 613-to-448 stocks. On the broader market, the Utilities sector (+3.14%) was the leading sector, led by buying interest in YTL (+32.0 sen) and YTLPOWR (+24.0 sen) following strong results from both YTL companies (do note that they will be added into MSCI Global Index), while the Healthcare sector (-1.43%) fell due to selling pressure in HARTA (-9.0 sen) and IHH (-3.0 sen). 

Top 3 Active stocks:
HONGSENG (0041): RM0.02 (unch)
PWRWELL (0217): RM0.29 (+2.0 sen)

YTL (4677): RM2.47 (+32.0 sen)

Volume: 4.07 bn (100-day avg vol: 3.72 bn)
Value: RM3.21 bn (100-day avg val: RM2.39 bn)
Market Breadth: ⬆️448 ⬇️613
Crude palm oil: RM3,830 (-RM9)

Dow Futures: 39,121 pts (-2 pts)

Source: Bloomberg, M+ Online

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