M+ Online Market Wrap - 5 Mar 24

FBM KLCI: 1,536.98 pts (-2.29pts, -0.15%)

The FBM KLCI (-0.15%) closed lower, in line with the negative regional stock markets' performances, dragged by selected Industrial Products and Plantation heavyweights; PMETAL (-12.0 sen), SIMEPLT (-10.0 sen) and IOICORP (-11.0 sen) lost momentum. Market breadth was negative as losers led gainers by 653-to-381 stocks. On the broader market, the Technology sector (+0.41%) was the leading sector led by buying interest in INARI (+6.0 sen) and FRONTKN (+13.0 sen), while the Plantation sector (-1.61%) declined due to selling pressure in SIMEPLT (-10.0 sen) and IOICORP (-11.0 sen).

Top 3 Active stocks:
TWL (7079): RM0.035 (unch)
HM (0060): RM0.135 (-0.5 sen)

SAPNRG (5218): RM0.045 (-0.5 sen)

Volume: 3.81 bn (100-day avg vol: 3.81 bn)
Value: RM2.80 bn (100-day avg val: RM2.49 bn)
Market Breadth: ⬆️381 ⬇️653
Crude palm oil: RM3,984 (+RM46)

Dow Futures: 38,955 pts (-67 pts)

Source: Bloomberg, M+ Online

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