M+ Market Wrap - 21 Nov 24

FBM KLCI: 1,588.68 pts (-9.50pts, -0.59%)

Following NVIDIA’s slower revenue growth expectations, the FBMKLCI (-0.59%) continued to extend its losses for the third consecutive day. The index closed lower at 1588.68, dragged down by TENAGA (-50.0 sen) and YTL (-13.0 sen). Escalating conflict between Ukraine-Russia have also weighed on the local market's sentiment. The market breadth was negative, with 675 losers against 371 winners. In the broader market, Industrial Products & Services (+0.63%) sector gained the most, led by PCHEM (+26.0 sen) and SUNWAY (+7.0 sen), while the Utilities (-1.75%) sector saw the largest decline. 

Top 3 Active stocks:
ZENTECH (0094): RM0.015 (+0.5 sen)
MYEG (0138): RM0.910 (+3.0 sen)

VS (6963): RM1.05 (-4.0 sen)

Volume: 3.44 bn (100-bar avg vol: 3.62 bn)
Value: RM2.50 bn (100-bar avg val: RM3.15 bn)
Market Breadth: ⬆️371 ⬇️675
Crude palm oil: RM4,746 (-RM69)

Dow Futures: 43,464 pts (-52 pts)

**Source: Bloomberg, M+ **

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