M+ Market Wrap - 12Sep24

FBM KLCI: 1,638.31 pts (-1.49pts, -0.09%)

Despite the rising positive sentiment in the global market, the FBM KLCI (-0.09%) closed marginally lower as profit-taking activities emerged in selected banking heavyweights such as PBBANK (-5.0 sen) and CIMB (-7.0 sen). However, market breadth was positive, with gainers outnumbering losers by 669-to-353 stocks. In the broader market, the Technology sector (+2.82%) was the best performer, led by VITROX (+25.0 sen) and GREATEC (+15.0 sen), while the Financial Services sector (-0.43%) declined the most.

Top 3 Active stocks:
GTRONIC (7022): RM0.550 (-2.0 sen)
ALPHA (0303): RM0.350 (-0.5 sen)

MYEG (0318): RM0.895 (-1.5 sen)

Volume: 2.61 bn (100-day avg vol: 4.65 bn)
Value: RM2.94 bn (100-day avg val: RM3.69 bn)
Market Breadth: ⬆️669 ⬇️353
Crude palm oil: RM3,859 (-RM42)

Dow Futures: 40,951 pts (+45 pts)

**Source: Bloomberg, M+ **

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