M+ Market Wrap - 20 Nov 24

FBM KLCI: 1,598.18 pts (-4.16pts, -0.26%)

Failing to hold above the 1600 psychological support level, the FBMKLCI (-0.26%) extended yesterday’s losses to close at 1598.18, dragged down by key heavyweights like MAYBANK (-12.0 sen) and TENAGA (-12.0 sen). Sentiment in the region was subdued after the escalation in the Ukraine-Russia conflict, and investors will be focusing on NVIDIA’s upcoming earnings. The market breadth was also negative, with 546 losers against 457 winners. In the broader market, the Construction (+0.92%) sector gained the most, led by GAMUDA (+19.0 sen) and IJM (+4.0 sen), while Utilities (-0.65%) saw the largest decline. 

Top 3 Active stocks:
CEB (5311): RM0.360 (-2.5 sen)
EAH (0154): RM0.005 (unch)

PERMAJU (7080): RM0.040 (unch)

Volume: 2.72 bn (100-bar avg vol: 3.62 bn)
Value: RM2.44 bn (100-bar avg val: RM3.15 bn)
Market Breadth: ⬆️457 ⬇️546
Crude palm oil: RM4,852 (-RM72)

Dow Futures: 43,501 pts (+101 pts)

**Source: Bloomberg, M+ **

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