M+ Online Market Wrap - 12 Jul 24

FBM KLCI: 1,619.06 pts (-4.06pts, -0.25%)

The FBM KLCI (-0.25%) ended lower as the index was dragged by selling pressure in the YTL-related  heavyweights, in line with the mixed performance of regional markets. Meanwhile, the market breadth was negative as losers outnumbered gainers at 639-to-532 stocks. On the broader market, the Transporation & Logistic sector (+0.31%) was the best performing sector led by MISC (+4.0 sen) and SYGROUP (+8.0 sen), while the Utilities sector (-0.83%) declined the most.

Top 3 Active stocks:
NOVAMSC (0026): RM0.20 (unch)
VELESTO (5243): RM0.255 (-0.5 sen)

EKOVEST (8877): RM0.505 (+3.0 sen)

Volume: 4.58 bn (100-day avg vol: 4.57 bn)
Value: RM3.73 bn (100-day avg val: RM3.39 bn)
Market Breadth: ⬆️532 ⬇️639
Crude palm oil: RM3,926 (-RM9)

Dow Futures: 40,127 pts (+38 pts)

**Source: Bloomberg, M+ Online**

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