M+ Online Market Wrap - 27 May 24

FBM KLCI: 1,618.27 pts (-1.13pts, -0.07%)

The FBM KLCI (-0.07%) ended marginally lower as profit taking activities were seen in selected heavyweights, suggesting that investors may be cautious while awaiting the next positive catalyst. Meanwhile, market breadth was negative as losers outnumbered gainers at 682-to-529 stocks. On the broader market, the Utilities sector (+1.63%) was the leading sector on the back of buying support in TENAGA (+12.0 sen) and YTL (+3.0 sen). Meanwhile, the Healthcare sector (-1.35%) was the worst decliner due to selling pressure in KOSSAN (-11.0 sen). 

Top 3 Active stocks:
DNEX (4456): RM0.47 (+2.0 sen)
AHB (7315): RM0.20 (+1.0 sen)

PHB (4464): RM0.005 (unch)

Volume: 5.64 bn (100-day avg vol: 4.38 bn)
Value: RM3.92 bn (100-day avg val: RM3.04 bn)
Market Breadth: ⬆️529 ⬇️682
Crude palm oil: RM3,854 (-RM31)

Dow Futures: 39,112 pts (-45 pts)

Source: Bloomberg, M+ Online

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