M+ Online Market Wrap - 7 May 24

FBM KLCI: 1,605.68 pts (+8.29pts, +0.52%)

The FBM KLCI (+0.49%) ended significantly higher and supported above the 1,600 psychological amid sustained buying interest from foreigners. Also, the Wall Street's positive movements have helped to boost the regional markets and the Technology sector higher. Market breadth was positive as gainers outpaced losers at 684-to-455 stocks. On the broader market, the Utilities sector (+1.88%) remained as the leading sector on the back of buying support in RANHILL (+19.0 sen) and TENAGA (+10.0 sen), while the Construction sector (-0.20%) was the sole declining sector for the session as GAMUDA fell 8.0 sen.

Top 3 Active stocks:
INGENIEU (5178): RM0.0.085 (-2.5 sen)
TWL (7079): RM0.025 (unch)

ICONIC (9113): RM0.13 (+1.5 sen)

Volume: 5.42 bn (100-day avg vol: 4.11 bn)
Value: RM3.79 bn (100-day avg val: RM2.84 bn)
Market Breadth: ⬆684 ⬇455
Crude palm oil: RM3,926 (+RM64)

Dow Futures: 39,068 pts (+71 pts)

Source: Bloomberg, M+ Online

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