M+ Online Market Wrap - 15 Jul 24

FBM KLCI: 1,629.82 pts (+10.76pts, +0.66%)

The FBM KLCI (+0.66%) ended higher as the index was lifted by buying pressure within Financial and Telco & Media heavyweights namely, MAYBANK (+10.0 sen) and CDB (+8.0 sen) as the market sentiment improved; tracking the positive sentiment on Wall Street. Meanwhile, the market breadth was positive as gainers led losers at 738-to-491 stocks. On the broader market, the Construction sector (+2.23%) was the best performing sector led by IJM (+18.0 sen) and GAMUDA (+10.0 sen), while the Energy sector (-1.37%) declined the most.

Top 3 Active stocks:
VELESTO (5243): RM0.230 (-2.5 sen)
EKOVEST (8877): RM0.515 (+1.0 sen)

JTGROUP (0292): RM0.700 (+3.5 sen)

Volume: 5.36 bn (100-day avg vol: 4.60 bn)
Value: RM3.95 bn (100-day avg val: RM3.41 bn)
Market Breadth: ⬆️738 ⬇️491
Crude palm oil: RM3,883 (-RM32)

Dow Futures: 40,512 pts (+211 pts)

**Source: Bloomberg, M+ Online**

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