M+ Online Market Wrap - 8 Mar 24

FBM KLCI: 1,539.86 pts (+4.03pts, +0.26%)

The FBM KLCI (+0.26%) closed higher, inline with the positive regional stock markets' performances; the key index was boosted by selected Banking and Utilities heavyweights, namely CIMB (+13.0 sen), TENAGA (+12.0 sen) and MAYBANK (+5.0 sen). Market breadth was fairly even as gainers were slightly behind losers by 486-to-496 stocks. On the broader market, the Telco & Media sector (+1.03%) was the leading sector led by buying interest in AXIATA (+4.0 sen) and TIMECOM (+3.0 sen), while the Utilities sector (-1.10%) declined due to selling pressure in YTLPOWR (-16.0 sen) and YTL (-9.0 sen).

Top 3 Active stocks:
YTLPOWR (6742): RM3.67 (-16.0 sen)
AMBANK (1015): RM4.13 (+18.0 sen)

YTL (4677): RM2.50 (-9.0 sen)

Volume: 3.03 bn (100-day avg vol: 3.81 bn)
Value: RM2.73 bn (100-day avg val: RM2.51 bn)
Market Breadth: ⬆️486 ⬇️496
Crude palm oil: RM4,109 (+RM38)

Dow Futures: 38,814 pts (-12 pts)

Source: Bloomberg, M+ Online

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