M+ Online Market Wrap - 19 Apr 24

FBM KLCI: 1,550.80 pts (+6.04pts, +0.39%)

The FBM KLCI (+0.18%) ended higher, bucking the negative regional markets performance; the key index was supported by PMETAL (+16.0 sen) as the escalated tension in the Middle East pushed aluminium prices closer to 2022 highs. Market breadth was negative as losers outpaced gainers at 918-to-289 stocks. On the broader market, the Energy sector (+1.81%) was the leading sector due to buying interest in DIALOG (+4.0 sen) and DAYANG (+14.0 sen), while the Technology sector (-1.74%) was the worst decliner amid selling pressure in INARI (-13.0 sen) after the weaker NASDAQ performance overnight.

Top 3 Active stocks:
TWL (7079): RM0.03 (unch)
BPURI (5932): RM0.08 (unch)

VELESTO (5243): RM0.275 (+0.5 sen)

Volume: 4.69 bn (100-day avg vol: 4.02 bn)
Value: RM3.38 bn (100-day avg val: RM2.76 bn)
Market Breadth: ⬆️289 ⬇️918
Crude palm oil: RM3,917 (-RM67)

Dow Futures: 37,833 pts (-174 pts)

Source: Bloomberg, M+ Online

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