M+ Online Market Wrap - 29 Apr 24

FBM KLCI: 1,582.66 pts (+7.50pts, +0.48%)

The FBM KLCI (+0.48%) ended higher, in line with the positive regional markets performance, as the sentiment was lifted by strong earnings reported by Microsoft and Google, which further fueled the optimism on the AI theme. Market breadth was positive as gainers outnumbered losers at 668-to-438 stocks. On the broader market, the Healthcare sector (+2.29%) was the leading sector due to buying interest in IHH (+10.0 sen) and TOPGLOV (+5.5 sen), while the Financial Services sector (-0.18%) fell due to selling pressure in PBB (-3.0 sen).

Top 3 Active stocks:
MYEG (0138): RM0.91 (-0.5 sen)
BPURI (5932): RM0.075 (unch)

TWL (7079): RM0.03 (unch)

Volume: 4.24 bn (100-day avg vol: 4.06 bn)
Value: RM3.48 bn (100-day avg val: RM2.80 bn)
Market Breadth: ⬆️668 ⬇️438
Crude palm oil: RM3,886 (-RM10)

Dow Futures: 38,481 pts (+40 pts)

Source: Bloomberg, M+ Online

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