M+ Online Market Wrap - 4 Jun 24

FBM KLCI: 1,615.40 pts (+18.72pts, +1.17%)

The FBM KLCI (+1.17%) rebounded strongly as the index was lifted by buying interest in selected industrial products and banking heavyweights, PMETAL (+23.0 sen) led the index higher following a strong set of results, coupled with strong sentiment amid the elevated aluminium prices. Meanwhile, market breadth was positive as gainers outpaced losers at 666-to-545 stocks. On the broader market, the Technology sector (+1.93%) was the best performing sector on the back of buying interest in GREATEC (+19.0 sen) and INARI (+5.0 sen). Meanwhile, the Property sector (-0.34%) was the worst decliner.

Top 3 Active stocks:
JCY (5161): RM0.595 (+7.0 sen)
SNS (0259): RM0.655 (+5.0 sen)

MYEG (0138): RM1.10 (unch)

Volume: 4.46 bn (100-day avg vol: 4.40 bn)
Value: RM3.94 bn (100-day avg val: RM3.15 bn)
Market Breadth: ⬆️666 ⬇️545
Crude palm oil: RM3,904 (-RM172)

Dow Futures: 38,480 pts (-176 pts)

Source: Bloomberg, M+ Online

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