M+ Online Market Wrap - 16 Jul 24

FBM KLCI: 1,625.71 pts (-4.11pts, -0.25%)

The FBM KLCI (-0.24%) ended lower as the index was dragged by selling pressure as profit taking emerged within heavyweights stocks like CDB (-8.0 sen) and SIME (-9.0 sen), tracking the weaker performance in the regional stock markets. Meanwhile, the market breadth was negative as losers outnumbered gainers at 795-to-413 stocks. On the broader market, the Energy sector (+0.53%) was the best performing sector led by DIALOG (+6.0 sen) and DAYANG (+7.0 sen), while the Industrial Products & Services sector (-0.76%) declined the most.

Top 3 Active stocks:
XOX (0165): RM0.010 (-0.5 sen)
BINTAI (6998): RM0.135 (+2.0 sen)

MLAB (0085): RM0.240 (+3.5 sen)

Volume: 4.66 bn (100-day avg vol: 4.61 bn)
Value: RM3.52 bn (100-day avg val: RM3.43 bn)
Market Breadth: ⬆️413 ⬇️795
Crude palm oil: RM3,921 (+RM47)

Dow Futures: 40,522 pts (+8 pts)

**Source: Bloomberg, M+ Online**

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