M+ Online Market Wrap - 18 Apr 24

FBM KLCI: 1,544.76 pts (+4.34pts, +0.28%)

The FBM KLCI (+0.28%) ended higher, in line with the positive regional markets performance; the key index rebounded led by selected Banking and Utilities heavyweights. Market breadth was positive as gainers led losers at 570-to-469 stocks. On the broader market, the Utilities sector (+1.91%) was the leading sector due to buying interest in YTLPOWR (+9.0 sen) and YTL (+6.0 sen), while the Energy sector (-0.75%) was the sole decliner amid selling pressure in HIBISCS (-10.0 sen) after Brent Oil dropped below USD87/bbl .

Top 3 Active stocks:
BORNOIL (7036): RM0.005 (-0.5 sen)
INGENIEU (5178): RM0.14 (-0.5 sen)

SENDAI (5205): RM0.405 (+3.0 sen)

Volume: 3.84 bn (100-day avg vol: 4.01 bn)
Value: RM2.62 bn (100-day avg val: RM2.75 bn)
Market Breadth: ⬆️570 ⬇️469
Crude palm oil: RM3,988 (-RM24)

Dow Futures: 38,006 pts (+16 pts)

Source: Bloomberg, M+ Online

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