M+ Market Wrap - 29 Nov 24

FBM KLCI: 1,594.29 pts (-3.20pts, -0.20%)

Despite the strong regional market performance, the FBMKLCI (-0.20%) bucked the trend and closed lower at 1594.29 pts, mainly dragged down by heavyweights like TENAGA (-32.0 sen) and MISC (-15.0 sen). The market breadth was also negative, with 539 losers against 515 winners. In the broader market, the Plantation (+0.57%) sector gained the most, led by SDG (+6.0 sen) and JPG (+5.0 sen), as rising CPO price coupled with strong quarterly results announced by certain plantation counters boosted the sentiment for the sector. On the contrary, the Telecommunications & Media (-0.95%) sector saw the largest decline. 

Top 3 Active stocks:
VELESTO (5243): RM0.160 (-2.5 sen)
ZENTECH (0094): RM0.005 (-0.5 sen)

SUPREME (0330): RM0.305 (+5.5 sen)

Volume: 3.43 bn (100-bar avg vol: 3.50 bn)
Value: RM3.19 bn (100-bar avg val: RM3.12 bn)
Market Breadth: ⬆️515 ⬇️539
Crude palm oil: RM5,024 (+RM139)

Dow Futures: 44,937 pts (+109 pts)

**Source: Bloomberg, M+ **

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