M+ Online Market Wrap - 2 Jul 24

FBM KLCI: 1,597.96 pts (-0.24pts, -0.02%)

The FBM KLCI (-0.02%) ended flat as gains in the utilities and industrial products heavyweights was offset by losses in telco heavyweights, the latter declined was due to analysts's neutral stance on TM which may have spurred profit taking in the sector. Meanwhile, the market breadth was positive as gainers led losers at 715-to-459 stocks. On the broader market, the Construction sector (+2.96%) was the best performing sector led by IJM (+26.0 sen) and GAMUDA (+10.0 sen), while the Telco & Media sector (-0.84%) was the sole declining sector.

Top 3 Active stocks:
UUE (0310): RM0.695 (+45.5 sen)
VELESTO (5243): RM0.275 (+1.0 sen)

HIAPTEK (5072): RM0.465 (+2.5 sen)

Volume: 5.39 bn (100-day avg vol: 4.43 bn)
Value: RM3.99 bn (100-day avg val: RM3.28 bn)
Market Breadth: ⬆️715 ⬇️459
Crude palm oil: RM4,081 (+RM102)

Dow Futures: 39,405 pts (-106 pts)

**Source: Bloomberg, M+ Online**

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