M+ Online Market Wrap - 12 Mar 24

FBM KLCI: 1,554.56 pts (+9.85pts, +0.64%)

The FBM KLCI (+0.64%) closed higher, in line with the positive regional stock markets' performances; the key index was boosted by selected Utilities and Telco heavyweights, namely TENAGA (+24.0 sen), AXIATA (+10.0 sen) and CDB (+7.0 sen). Market breadth was positive as gainers were ahead of losers by 505-to-484 stocks. On the broader market, the Healthcare sector (+1.65%) was the leading sector led by buying interest in HARTA (+12.0 sen) and IHH (+4.0 sen), while the Technology sector (-0.57%) was the sole decliner due to selling pressure in CTOS (-20.0 sen) and MICROLN (-16.0 sen).

Top 3 Active stocks:
CTOS (5301): RM1.25 (-20.0 sen)
HONGSENG (0041): RM0.015 (-0.5 sen)

PMHLDG (1287): RM0.225 (+8.5 sen)

Volume: 4.28 bn (100-day avg vol: 3.83 bn)
Value: RM2.93 bn (100-day avg val: RM2.53 bn)
Market Breadth: ⬆️505 ⬇️484
Crude palm oil: RM4,139 (+RM8)

Dow Futures: 39,217 pts (-17 pts)

Source: Bloomberg, M+ Online

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