M+ Market Wrap - 9Sep24

FBM KLCI: 1,651.49 pts (-1.63pts, -0.10%)

The FBM KLCI (-0.10%) ended lower after hitting an intraday high of around the 1,659 level despite recent solid foreign buying of Malaysian equities, as YTL-related counters dragged down the sentiment for the FBM KLCI. Also, market breadth was negative, with losers outnumbering gainers by 738-to-333 stocks. In the broader market, the Financial Services sector (+0.67%) was the best performer, led by CIMB (+12.0 sen) and MAYBANK (+10.0 sen), while the Energy sector (-1.98%) declined the most.

Top 3 Active stocks:
99SMART (5326): RM1.880 (+23.0 sen)
VELESTO (5243): RM0.185 (-1.0 sen)

PHB (4464): RM0.005 (unch)

Volume: 3.38 bn (100-day avg vol: 4.69 bn)
Value: RM3.85 bn (100-day avg val: RM3.67 bn)
Market Breadth: ⬆️333 ⬇️738
Crude palm oil: RM3,876 (-RM22)

Dow Futures: 40,617 pts (+210 pts)

**Source: Bloomberg, M+ **

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