M+ Market Wrap - 4 Nov 24
FBM KLCI: 1,616.43 pts (+12.45pts, +0.78%)
The FBMKLCI (+0.78) gained momentum to close at the 1,613 level, as investors sought opportunities in Utilities and Banking heavyweights, namely TENAGA (+18.0 sen) and CIMB (+9.0 sen), after last week's market sell-off due to foreign selling based on the recent stats in the local equities. The market breadth was positive, with 537 winners against 485 losers. As CPO prices continued to rally, reaching a two-year high of above RM4,800 level, the Plantation sector (+1.66%) gained the most, led by IOICORP (+13.0 sen) and KLK (+6.0 sen). Meanwhile, weakness was noticed in export-oriented sectors like Technology (-0.50%).
Top 3 Active stocks:
CEB (5311): RM0.345 (+3.5 sen)
TAWIN (7097): RM0.015 (+2.0 sen)
BAHVEST (7097): RM0.015 (-1.0 sen)
Volume: 2.42 bn (100-bar avg vol: 3.92 bn)
Value: RM2.15 bn (100-bar avg val: RM3.36 bn)
Market Breadth: ⬆️537 ⬇️485
Crude palm oil: RM4,887 (+RM19)
Dow Futures: 42,180 pts (-29 pts)
**Source: Bloomberg, M+ **
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