M+ Market Wrap - 3 Oct 24

FBM KLCI: 1,641.55 pts (+2.24pts, +0.14%)

Despite a weak Hong Kong market performance, the FBM KLCI (+0.14%) rebounded and closed higher after a volatile intraday session, as bargain hunting emerged in banking heavyweights like MAYBANK (+8.0 sen) and PBBANK (+4.0 sen). However, market breadth was negative, with losers outnumbering gainers by 504-to-473 stocks. In the broader market, the Energy sector (+0.79%) gained momentum, led by HIBISCS (+12.0 sen) and HENGYUAN (+26.0 sen) in tandem with a spike in crude oil prices, while the Technology sector (-1.27%) declined the most.

Top 3 Active stocks:
OCR (7071): RM0.045 (-1.0 sen)
TALAMT (2259): RM0.020 (-0.5 sen)

CAPITALA (5099): RM0.910 (-2.5 sen)

Volume: 3.29 bn (100-day avg vol: 4.52 bn)
Value: RM2.52 bn (100-day avg val: RM3.69 bn)
Market Breadth: ⬆️473 ⬇️504
Crude palm oil: RM4,157 (-RM39)

Dow Futures: 42,333 pts (-177 pts)

**Source: Bloomberg, M+ **

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