M+ Market Wrap - 4Sep24

FBM KLCI: 1,670.24 pts (-6.41pts, -0.38%)

The FBM KLCI (-0.38%) closed lower, dragged down by selling pressure in the Industrial Products & Services and Banking heavyweights, namely PCHEM (-12.0 sen) and PBBANK (-4.0 sen), as uncertainties arise in the global markets amid concerns about the economic growth and monetary policy direction. Also, market breadth was negative, with losers outnumbering gainers by 813-to-307 stocks. In the broader market, the Telco & Media sector (+0.68%) was the best performer, led by CDB (+3.0 sen) and ASTRO (+1.5 sen), while the Technology sector (-2.73%) declined the most.

Top 3 Active stocks:
VTC (0319): RM0.585 (-1.0 sen)
TWL (7079): RM0.025 (unch)

EAH (0154): RM0.005 (-0.5 sen)

Volume: 3.04 bn (100-day avg vol: 4.71 bn)
Value: RM2.89 bn (100-day avg val: RM3.65 bn)
Market Breadth: ⬆️307 ⬇️813
Crude palm oil: RM3,889 (-RM42)

Dow Futures: 40,924 pts (-94 pts)

**Source: Bloomberg, M+ **

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