M+ Market Wrap - 7 Nov 24

FBM KLCI: 1,623.28 pts (-10.89pts, -0.67%)

Bucking the strong performance of the US market, the FBMKLCI (-0.67%) ended lower, as profit-taking emerged in the Industrial Products & Services and Utilities heavyweights, notably PMETAL (-16.0 sen) and YTL (-11.0 sen). Malaysia’s Services sector, however, recorded a 5.9% YoY growth, fuelled by the rising numbers of international and domestic tourists, according to DOSM. The market breadth was negative, with 641 losers compared to 466 gainers. While all sectors closed on red, Technology sector (+1.25%) continued to shine, led by INARI (+20.0 sen) and VITROX (+17.0 sen), as sentiment improved following Trump's presidential wins.

Top 3 Active stocks:
3REN (0328): RM0.460 (+6.5 sen)
GENETEC (0104): RM0.925 (-2.5 sen)

EKOVEST (8877): RM0.390 (+2.0 sen)

Volume: 3.78 bn (100-bar avg vol: 3.82 bn)
Value: RM3.42 bn (100-bar avg val: RM3.29 bn)
Market Breadth: ⬆️466 ⬇️641
Crude palm oil: RM4,954 (+RM37)

Dow Futures: 43,975 pts (+74 pts)

**Source: Bloomberg, M+ **

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