M+ Online Market Wrap - 28 Feb 24

FBM KLCI: 1545.49 pts (-13.21, -0.85%)

The FBM KLCI (-0.85%) closed lower, inline with the mostly negative stock markets' performances, dragged by selected Utilities and Banking heavyweights. Market breadth was negative with losers more than doubling gainers at 780-to-311 stocks. On the broader market, the Utilities sector (-2.58%) was the worst performing sector, dragged by TENEGA (-46.0 sen) and YTLPOWR (-14.0 sen), followed by the Construction sector (-1.08%) due to selling pressure in GAMUDA (-3.0 sen) and IJM (-2.0 sen). 

Top 3 Active stocks:
HONGSENG (0041): RM0.015 (-0.5 sen)
VELESTO (5243): RM0.28 (+1.5 sen)

ARMADA (5210): RM0.52 (-6.5 sen)

Market Breadth: ⬆️311 ⬇️780

Source: Bloomberg, M+ Online

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