M+ Market Wrap - 26 Nov 24

FBM KLCI: 1,603.15 pts (+5.70pts, +0.36%)

After undergoing the index rebalancing activities, the FBMKLCI (+0.36%) continued its positive momentum and managed to close above the 1,600 psychological level, ending the day at 1603.15 pts. The index was mainly driven by key heavyweights like IHH (+21.0 sen) and PETDAG (+168.0 sen). Nevertheless, the market breadth was negative, with 584 losers against 412 winners. In the broader market, the Utilities (+1.84%) sector gained the most, led by YTLPOWR (+14.0 sen) and YTL (+10.0 sen), while the Construction (-1.62%) sector experienced the largest decline due to profit-taking activities. 

Top 3 Active stocks:
ZENTECH (0094): RM0.010 (Unch)
MYEG (0138): RM0.905 (-1.0 sen)

3REN (0328): RM0.410 (+1.5 sen)

Volume: 2.54 bn (100-bar avg vol: 3.54 bn)
Value: RM2.37 bn (100-bar avg val: RM3.14 bn)
Market Breadth: ⬆️412 ⬇️584
Crude palm oil: RM4,702 (+RM3)

Dow Futures: 44,803 pts (-23 pts)

**Source: Bloomberg, M+ **

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