M+ Online Market Wrap - 28 May 24

FBM KLCI: 1,615.82 pts (-2.45pts, -0.15%)

The FBM KLCI (-0.15%) ended lower as profit taking activities were seen in selected heavyweights, as investors may be booking their profits in the final week of the release of corporate financial results. Meanwhile, market breadth was negative as losers outnumbered gainers at 824-to-352 stocks. On the broader market, the Consumer products & services sector (+0.12%) was the sole positive sector on the back of buying support in GCB (+49.0 sen) after its record earnings. Meanwhile, the Utilities sector (-1.70%) was the worst decliner due to selling pressure in RANHILL (-22.0 sen) after the M&A announcment.

Top 3 Active stocks:
AHB (7315): RM0.15 (-5.0 sen)
GHLSYS (0021): RM1.05 (+4.0 sen)

ANEKA (0226): RM0.195 (-11.0 sen)

Volume: 4.87 bn (100-day avg vol: 4.39 bn)
Value: RM3.80 bn (100-day avg val: RM3.06 bn)
Market Breadth: ⬆️352 ⬇️824
Crude palm oil: RM3,957 (+RM87)

Dow Futures: 39,179 pts (+22 pts)

Source: Bloomberg, M+ Online

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