M+ Online Market Wrap - 23 Apr 24

FBM KLCI: 1,563.98 pts (+4.39pts, +0.28%)

The FBM KLCI (+0.13%) ended higher, in line with the positive regional markets performance; the key index was supported by Banking and Healthcare heavyweights, as the optimism may still be fueled by China keeping benchmark lending rates unchanged, and stronger guidance for medical services, respectively. Market breadth was positive as gainers led losers at 642-to-402 stocks. On the broader market, the Healthcare sector (+1.48%) was the leading sector due to buying interest in IHH (+9.0 sen) and TOPGLOV (+3.0 sen), while the Plantation sector (-0.43%) declined amid selling pressure in SIMEPLT (-7.0 sen) CPO prices traded below RM4000.

Top 3 Active stocks:
TOPMIX (0302): RM0.42 (unch)
INGENIEU (5178): RM0.135 (-0.5 sen)

SAPNRG (5218): RM0.045 (unch)

Volume: 0.62 bn (100-day avg vol: 4.00 bn)
Value: RM0.26 bn (100-day avg val: RM2.77 bn)
Market Breadth: ⬆️642 ⬇️402
Crude palm oil: RM3,976 (+RM32)

Dow Futures: 38,486 pts (+18 pts)

Source: Bloomberg, M+ Online

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