M+ Market Wrap - 6 Nov 24

FBM KLCI: 1,634.17 pts (+13.47pts, +0.83%)

The FBMKLCI (+0.83%) advanced further as heavyweights in the Utilities and Industrial Products & Services sectors, namely TENAGA (+30.0 sen) and PMETAL (+18.0 sen), boosted sentiment on the local bourse. While Asian markets closed higher, the Hang Seng Index traded lower amid rising likelihood of tariff hike, as Donald Trump leads the US Presidential Election against Kamala Harris. The market breadth was positive, with 849 gainers compared to 352 losers. As sentiment improved following the Trump lead in the US elections, Technology (+6.18%) was the strongest sector, led by GREATEC (+20.0 sen) and FRONTKN (+30.0 sen), while Energy (-0.14%) declined the most.

Top 3 Active stocks:
3REN (0328): RM0.395 (+11.5 sen)
GENETEC (0104): RM0.950 (+26.0 sen)

CEB (5311): RM0.365 (+0.5 sen)

Volume: 3.40 bn (100-bar avg vol: 3.84 bn)
Value: RM2.92 bn (100-bar avg val: RM3.31 bn)
Market Breadth: ⬆️849 ⬇️352
Crude palm oil: RM4,892 (+RM86)

Dow Futures: 43,525 pts (+1144 pts)

**Source: Bloomberg, M+ **

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