M+ Online Market Wrap - 22 Mar 24

FBM KLCI: 1,542.39 pts (+0.98pts, +0.06%)

The FBM KLCI (+0.06%) ended flat, in line with the mostly negative performance of the regional markets, as the gains in Teclo heavyweight such as CDB (+6.0 sen), was offset by the losses in Industrial Product heavyweight like PCHEM (-8.0 sen). Market breadth was fairly even with gainers to losers at 538-to-544 stocks. On the broader market, the Property sector (+1.25%) was the leading sector led by buying interest in SPSETIA (+7.0 sen) and IOIPG (+5.0 sen), while the Plantation sector (-0.22%) declined due to selling pressure in SIMEPLT (-7.0 sen).

Top 3 Active stocks:
BORNOIL (7036): RM0.005 (unch)
TWL (7079): RM0.025 (-1.0 sen)

ALPHA (0303): RM0.32 (unch)

Volume: 5.09 bn (100-day avg vol: 3.92 bn)
Value: RM2.69 bn (100-day avg val: RM2.61 bn)
Market Breadth: ⬆️538 ⬇️544
Crude palm oil: RM4,184 (-RM65)

Dow Futures: 40,225 pts (+19 pts)

**Source: Bloomberg, M+ Online**

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