M+ Market Wrap - 17Sep24

FBM KLCI: 1,664.28 pts (+12.13pts, +0.73%)

Despite the mixed performance on the overnight US markets, the FBM KLCI (+0.73%) extended its gains strongly, as bargain hunting emerged in banking and healthcare heavyweights, namely IHH (+27.0 sen) and CIMB (+20.0 sen), boosting sentiment on the local front. Additionally, market breadth was positive, with gainers outnumbering losers by 658-to-433 stocks. In the broader market, the healthcare sector (+10.23%) was the best-performing sector, led by HARTA (+72.0 sen) and IHH (+27.0 sen), while the technology sector (-1.16%) declined the most.

Top 3 Active stocks:
TOPGLOV (7113): RM1.140 (+22.5 sen)
SUPERMX (7106): RM0.930 (+14.0 sen)

CAREPLS (0163): RM0.305 (+4.5 sen)

Volume: 3.19 bn (100-day avg vol: 4.63 bn)
Value: RM3.35 bn (100-day avg val: RM3.68 bn)
Market Breadth: ⬆️658 ⬇️433
Crude palm oil: RM3,734 (-RM41)

Dow Futures: 42,134 pts (+77 pts)

**Source: Bloomberg, M+ **

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