M+ Online Market Wrap - 12 Apr 24

FBM KLCI: 1,551.04 pts (-2.47pts, -0.16%)

The FBM KLCI (-0.16%) ended slightly lower, in line with the mostly negative regional markets performance, despite the stronger tone on Wall Street after the PPI data came in within expectations; the FBM KLCI was dragged by selected Telco and Utilities heavyweights. Market breadth was positive with advancers outpaced decliners by 580-to-515 stocks. On the broader market, the Property sector (+1.74%) was the leading sector led by buying interest in SPSETIA (+6.0 sen) and SIMEPROP (+4.0 sen), while the Utilities sector (-0.42%) fell due to selling pressure in YTLPOWR (-7.0 sen) and YTL (-3.0 sen).

Top 3 Active stocks:
HM (0060): RM0.12 (+0.5 sen)
DNEX (4456): RM0.415 (+4.0 sen)

VELESTO (5243): RM0.28 (+0.5 sen)

Volume: 3.88 bn (100-day avg vol: 3.99 bn)
Value: RM3.00 bn (100-day avg val: RM2.70 bn)
Market Breadth: ⬆580 ⬇515
Crude palm oil: RM4,264 (-RM54)

Dow Futures: 38,779 pts (+47 pts)

Source: Bloomberg, M+ Online

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