M+ Online Market Wrap - 30 May 24

FBM KLCI: 1,604.26 pts (-1.09pts, -0.07%)

The FBM KLCI (-0.07%) ended marginally lower as the index was dragged by the the YTL-related counters, as they be tagged with the sentiment on NASDAQ which declined overnight. Meanwhile, market breadth was negative as losers outnumbered gainers at 620-to-577 stocks. On the broader market, the Construction sector (+2.46%) was the best performing sector on the back of buying interest in IJM (+23.0 sen) and GAMUDA (+7.0 sen), as investors see further upside in the sector after IJM's posted strong earnings. Meanwhile, the Utilities sector (-1.42%) was the worst decliner.

Top 3 Active stocks:
LAGENDA (7179): RM1.12 (-5.0 sen)
KENERGY (0307): RM0.615 (+15.0 sen)

MYEG (0138): RM1.06 (+2.0 sen)

Volume: 5.33 bn (100-day avg vol: 4.40 bn)
Value: RM3.99 bn (100-day avg val: RM3.09 bn)
Market Breadth: ⬆️577 ⬇️620
Crude palm oil: RM3,989 (-RM45)

Dow Futures: 38,224 pts (-300 pts)

Source: Bloomberg, M+ Online

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