M+ Market Wrap - 13Sep24

FBM KLCI: 1,652.15 pts (+13.84pts, +0.84%)

The FBM KLCI (+0.84%) rebounded strongly, as Banking and Industrial Products & Services heavyweights, namely CIMB (+23.0 sen) and PMETAL (+17.0 sen), boosted the sentiment on the local front; in line with the US stock markets' performance despite the hotter-than-anticipated key inflation data. Additionally, market breadth was positive, with gainers outnumbering losers by 727-to-339 stocks. In the broader market, all sectors were positive, with the Property sector (+2.26%) rallying the most.

Top 3 Active stocks:
VELESTO (5243): RM0.195 (+0.5 sen)
GENETEC (0104): RM0.860 (+4.0 sen)

GTRONIC (7022): RM0.550 (unch)

Volume: 2.84 bn (100-day avg vol: 4.63 bn)
Value: RM2.74 bn (100-day avg val: RM3.69 bn)
Market Breadth: ⬆️727 ⬇️339
Crude palm oil: RM3,816 (-RM36)

Dow Futures: 41,169 pts (+23 pts)

**Source: Bloomberg, M+ **

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