M+ Market Wrap - 27 Nov 24

FBM KLCI: 1,604.25 pts (+1.10pts, +0.07%)

The FBMKLCI (+0.07%) continued its positive momentum to end the day higher at 1604.25 pts, mainly driven by utilities heavyweights such as YTLPOWR (+22.0 sen) and YTL (+14.0 sen) as investors brushed off the weaker earnings from YTLPOWR. The market breadth was also positive, with 590 winners against 480 losers. As strong momentum presence in YTL-related companies, the Utilities (+1.79%) sector continued to outperform the rest as the best performing sector. Meanwhile, the Plantation (-0.68%) sector saw the largest decline, dragged down by companies like KLK (-112.0 sen) and UTDPLT (-66.0 sen), despite a slight rebound for CPO prices above the RM4,800 level. 

Top 3 Active stocks:
GENETEC (0104): RM1.170 (+29.5 sen)
JCY (5161): RM0.405 (+5.0 sen)

MBSB (1171): RM0.745 (+2.0 sen)

Volume: 3.19 bn (100-bar avg vol: 3.53 bn)
Value: RM2.96 bn (100-bar avg val: RM3.13 bn)
Market Breadth: ⬆️590 ⬇️480
Crude palm oil: RM4,813 (+RM78)

Dow Futures: 44,933 pts (-18 pts)

**Source: Bloomberg, M+ **

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