M+ Market Wrap - 12 Nov 24

FBM KLCI: 1,608.43 pts (-0.83pts, -0.05%)

The FBMKLCI (-0.05%) ended flat, as gains in the Banking and Plantation heavyweights were offset by losses in the Industrial Products & Services heavyweights, the latter declined was due to analysts' underweight stance on PCHEM, which may have spurred selling pressure in the sector. The market breadth was negative, with 602 losers compared to 413 gainers. In tandem with the surge in CPO prices above the RM5,000 level, the Plantation sector (+1.51%) continued to shine, led by IOICORP (+10.0 sen) and KLK (+26.0 sen), while the Industrial Products & Services sector (-1.53%) declined the most.

Top 3 Active stocks:
CAPITALA (5099): RM1.030 (+5.0 sen)
MPIRE (7943): RM0.215 (+1.5 sen)

AZAMJAYA (5329): RM1.240 (+15.0 sen)

Volume: 2.99 bn (100-bar avg vol: 3.74 bn)
Value: RM2.54 bn (100-bar avg val: RM3.24 bn)
Market Breadth: ⬆️413 ⬇️602
Crude palm oil: RM5,038 (-RM158)

Dow Futures: 44,412 pts (-29 pts)

**Source: Bloomberg, M+ **

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