M+ Online Market Wrap - 1 Jul 24

FBM KLCI: 1,598.20 pts (+8.11pts, +0.51%)

The FBM KLCI (+0.51%) ended higher as the index was lifted by buying pressure in the Utilities heavyweights namely YTL and TENAGA as the ongoing AI and data center themes are still the main driver in our local Techonology sector. Meanwhile, the market breadth was positive as gainers led losers at 685-to-408 stocks. On the broader market, the Utilities sector (+2.30%) was the best performing sector led by YTL (+17.0 sen) and TENAGA (+22.0 sen), while the Telco sector (-0.20%) was the sole declining sector.

Top 3 Active stocks:
SNS (0259): RM0.840 (+8.5 sen)
NOVAMSC (0026): RM0.240 (+2.5 sen)

JCY (5161): RM0.79 (+8.5 sen)

Volume: 3.66 bn (100-day avg vol: 4.42 bn)
Value: RM2.77 bn (100-day avg val: RM3.28 bn)
Market Breadth: ⬆️685 ⬇️408
Crude palm oil: RM4,003 (+RM87)

Dow Futures: 39,546 pts (+77 pts)

**Source: Bloomberg, M+ Online**

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