M+ Online Market Wrap - 30 Apr 24

FBM KLCI: 1,575.97 pts (-6.69pts, -0.42%)

The FBM KLCI (-0.42%) ended lower, bucking the overall positive regional markets' performance; key index noticed selling pressure in the YTL counters ahead of the public holiday, while the market could be staying cautious prior to the FOMC meeting. Market breadth was fairly even as gainers outnumbered losers at 524-to-521 stocks. On the broader market, the Transportation and Logistics sector (+1.26%) was the leading sector due to buying interest in CHGP (+19.0 sen) and AIRPORT (+6.0 sen), while the Utilities sector (-0.68%) fell due to selling pressure in YTLPOWR (-19.0 sen).

Top 3 Active stocks:
MYEG (0138): RM0.935 (+2.5 sen)
CLASSITA (7154): RM0.045 (+0.5 sen)

ICONIC (9113): RM0.105 (+2.5 sen)

Volume: 4.18 bn (100-day avg vol: 4.06 bn)
Value: RM3.75 bn (100-day avg val: RM2.82 bn)
Market Breadth: ⬆️524 ⬇️521
Crude palm oil: RM3,841 (-RM74)

Dow Futures: 38,506 pts (-53 pts)

Source: Bloomberg, M+ Online

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