M+ Online Market Wrap - 2 May 24

FBM KLCI: 1,580.30 pts (+4.33pts, +0.27%)

The FBM KLCI (+0.27%) ended higher, despite the mixed regional markets' performance; key index saw buying interest seen within MRDIY (+10.0 sen) amid the Prime Minister's optimism on the wage hike for civil servants. Market breadth was negative as losers outnumbered gainers at 620-to-530 stocks. On the broader market, the REIT sector (+0.56%) was the leading sector due to buying interest in PAVREIT (+2.0 sen) and KLCC (+4.0 sen), while the Energy sector (-1.20%) fell due to selling pressure in ARMADA (-1.5 sen).

Top 3 Active stocks:
MYEG (0138): RM0.905 (-3.0 sen)
BPURI (5932): RM0.075 (unch)

TOPGLOV (7113): RM0.87 (-1.0 sen)

Volume: 3.81 bn (100-day avg vol: 4.06 bn)
Value: RM3.06 bn (100-day avg val: RM2.80 bn)
Market Breadth: ⬆️530 ⬇️620
Crude palm oil: RM3,822 (+RM4)

Dow Futures: 38,183 pts (+114 pts)

Source: Bloomberg, M+ Online

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