M+ Online Market Wrap - 7 Mar 24

FBM KLCI: 1,535.83 pts (+4.32pts, +0.28%)

The FBM KLCI (+0.28%) closed higher, despite the negative regional stock markets' performances; the key index was boosted by selected Telco, Banking and Healthcare heavyweights, namely CDB (+10.0 sen), MAYBANK (+6.0 sen) and IHH (+4.0 sen). Market breadth was positive as gainers led losers by 546-to-452 stocks. On the broader market, the Construction sector (+1.37%) was the leading sector led by buying interest in WCEHB (+5.0 sen) and GAMUDA (+4.0 sen), while the Healthcare sector (-0.62%) declined due to selling pressure in HARTA (-4.0 sen) and TCMLIFE (-3.0 sen).

Top 3 Active stocks:
PWRWELL (0217): RM0.365 (+5.5 sen)
WIDAD (0162): RM0.095 (unch)

TWL (7079): RM0.035 (unch)

Volume: 3.55 bn (100-day avg vol: 3.81 bn)
Value: RM2.60 bn (100-day avg val: RM2.51 bn)
Market Breadth: ⬆️546 ⬇️452
Crude palm oil: RM4,058 (-RM23)

Dow Futures: 38,614 pts (-92 pts)

Source: Bloomberg, M+ Online

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