M+ Online Market Wrap - 15 Mar 24

FBM KLCI: 1,552.83 pts (+9.08pts, +0.59%)

The FBM KLCI (+0.59%) ended higher, despite the negative performance of the regional markets; as the key index was lifted by selected Banking and Telco heavyweights, namely TM (+51.0 sen), CIMB (+17.0 sen) and CDB (+12.0 sen). Market breadth was positive as gainers outpaced losers by 521-to-474 stocks. On the broader market, the Property sector (+1.20%) was the leading sector led by buying interest in SPSETIA (+7.0 sen) and UEMS (+4.0 sen), while the Plantation sector (-0.32%) declined due to selling pressure in SIMEPLT (-5.0 sen).

Top 3 Active stocks:
HONGSENG (0041): RM0.015 (unch)
TWL (7079): RM0.035 (unch)

PWRWELL (0217): RM0.38 (-1.0 sen)

Volume: 4.53 bn (100-day avg vol: 3.87 bn)
Value: RM4.82 bn (100-day avg val: RM2.55 bn)
Market Breadth: ⬆️521 ⬇️474
Crude palm oil: RM4,273 (-RM22)

Dow Futures: 39,357 pts (+10 pts)

**Source: Bloomberg, M+ Online**

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