M+ Online Market Wrap - 1 Mar 24

FBM KLCI: 1,538.02 pts (-13.42pts, -0.87%)

The FBM KLCI (-0.87%) closed lower, despite the positive regional stock markets' performances, dragged by Banking heavyweights; MAYBANK (-8.0 sen) and CIMB (-12.0 sen). Market breadth was negative with losers led gainers by 679-to-396 stocks. On the broader market, the Plantation sector (+0.41%) was the leading sector, led by buying interest in UTDPLT (+96.0 sen) and IOICORP (+2.0 sen), while the Construction sector (-2.68%) fell due to selling pressure in GAMUDA (-31.0 sen) and KERJAYA (-7.0 sen). 

Top 3 Active stocks:
BORNOIL (7036): RM0.01 (unch)
VELESTO (5243): RM0.285 (unch)

HM (0060): RM0.185 (-0.5 sen)

Volume: 4.82 bn (100-day avg vol: 3.79 bn)
Value: RM3.09 bn (100-day avg val: RM2.48 bn)
Market Breadth: ⬆️396 ⬇️679
Crude palm oil: RM3,986 (+RM16)

Dow Futures: 39,016 pts (-27 pts)

Source: Bloomberg, M+ Online

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