M+ Online Market Wrap - 9 May 24

FBM KLCI: 1,601.22 pts (-3.53pts, -0.22%)

The FBM KLCI (-0.22%) ended lower as the sentiment turned negative amid selling pressure seen in the telco heavyweights like AXIATA, MAXIS and CDB following the mixed performance on Wall Street overnight. Market breadth was however positive with gainers led losers at 601-to-458 stocks. On the broader market, the Property sector (+0.84%) was the leading sector on the back of buying support in IOIPG (+3.0 sen) and SPSETIA (+3.0 sen), while the Transportation & Logistics sector (-0.69%) declined with MISC falling 3.0 sen.

Top 3 Active stocks:
HM (0060): RM0.105 (-1.0 sen)
MYEG (0138): RM0.985 (unch)

PMHLDG (1287): RM0.295 (+7.5 sen)

Volume: 4.65 bn (100-day avg vol: 4.15 bn)
Value: RM3.14 bn (100-day avg val: RM2.87 bn)
Market Breadth: ⬆️601 ⬇️458
Crude palm oil: RM3,828 (-RM41)

Dow Futures: 39,118 pts (-77 pts)

Source: Bloomberg, M+ Online

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