M+ Online Market Wrap - 8 May 24

FBM KLCI: 1,604.75 pts (-0.93pts, -0.06%)

The FBM KLCI (-0.06%) ended flat, amid the mixed regional markets, as gains from SIMEPLT (+14.0 sen) was offset by selling pressure in selected Banking heavyweights. SIMEPLT garnered buying interest after the announcement on the proposed solar project in Perak, while the index was slightly negative due to the lack of catalyst after the dull overnight performance on Wall Street.  Market breadth was fairly even with gainers to losers at 568-to-571 stocks. On the broader market, the Plantation sector (+0.82%) was the leading sector on the back of buying support in SIMEPLT (+14.0 sen) and KLK (+8.0 sen), while the REIT sector (-0.55%) declined with PAVREIT falling 2.0 sen.

Top 3 Active stocks:
BCMALL (0187): RM0.015 (+0.5 sen)
MYEG (0138): RM0.985 (+6.5 sen)

TECHNAX (2739): RM0.13 (+1.5 sen)

Volume: 5.40 bn (100-day avg vol: 4.13 bn)
Value: RM3.57 bn (100-day avg val: RM2.86 bn)
Market Breadth: ⬆️568 ⬇️571
Crude palm oil: RM3,898 (-RM32)

Dow Futures: 39,027 pts (-0 pts)

Source: Bloomberg, M+ Online

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