M+ Online Market Wrap - 12 Jun 24

FBM KLCI: 1,608.95 pts (-2.54pts, -0.16%)

The FBM KLCI (-0.16%) ended lower as the index was dragged by selling pressure in PMETAL (-8.0 sen) and MISC (-11.0 sen) as the gains earlier in the day was erased, suggesting that investors are cautious ahead of the upcoming outcome for the 2-day FOMC meeting. Meanwhile, the market breadth was negative as losers outpaced gainers at 758-to-550 stocks. On the broader market, the Technology sector (+2.06%) was the best performing sector on the back of buying interest in INARI (+32.0 sen) and MPI (+138.0 sen) as the sector garnered positive interest from NVIDIA.

Top 3 Active stocks:
DNEX (4456): RM0.495 (+2.0 sen)
HM (0060): RM0.10 (-0.5 sen)

SNS (0259): RM0.875 (+12.0 sen)

Volume: 7.59 bn (100-day avg vol: 4.40 bn)
Value: RM5.28 bn (100-day avg val: RM3.17 bn)
Market Breadth: ⬆️550 ⬇️758
Crude palm oil: RM3,965 (+RM34)

Dow Futures: 38,824 pts (+30 pts)

Source: Bloomberg, M+ Online

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