M+ Market Wrap - 20Sep24

FBM KLCI: 1,668.82 pts (+3.17pts, +0.19%)

The FBM KLCI (+0.19%) closed higher, boosted by buying pressure in Banking and Utility heavyweights, namely CIMB (+15.0 sen) and YTL (+12.0 sen), backed by a stronger ringgit environment and robust foreigns' fund inflows following the Fed rate cut. Additionally, market breadth was positive, with gainers outnumbering losers by 732-to-468 stocks. In the broader market, the Property sector (+1.68%) was the best performer, led by SIMEPROP (+5.0 sen) and SPSETIA (+5.0 sen), while the Telco and Media sector (-0.92%) declined the most.

Top 3 Active stocks:
SIMEPROP (5288): RM1.540 (+5.0 sen)
TOPGLOV (7113): RM1.100 (+6.0 sen)

SUNWAY (5211): RM4.390 (+1.0 sen)

Volume: 4.19 bn (100-day avg vol: 4.61 bn)
Value: RM5.97 bn (100-day avg val: RM3.70 bn)
Market Breadth: ⬆️732 ⬇️468
Crude palm oil: RM3,934 (+RM58)

Dow Futures: 42,430 pts (-17 pts)

**Source: Bloomberg, M+ **

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