M+ Market Wrap - 24 Jul 24

FBM KLCI: 1,621.14 pts (-8.54pts, -0.52%)

The FBM KLCI (-0.52%) ended lower dragged by selling pressure in Industrial Products & Services heavyweights namely PMETAL (-21.0 sen) and PCHEM (-11.0 sen) as investors traded cautiously amid the lack of fresh leads environment; tracking the weaker US markets performance overnight. Meanwhile, the market breadth was negative as losers were ahead gainers by 773-341 stocks. On the broader market, REIT (+0.11%) and Transportation & Logistics (+0.11%) was the best performing sectors, while the Industrial Products & Services (-1.60%) sector declined the most.

Top 3 Active stocks:
EKOVEST (8877): RM0.490 (unch)
SCBUILD (0109): RM0.020 (+1.0 sen)

OCR (7071): RM0.105 (-2.0 sen)

Volume: 4.39 bn (100-day avg vol: 4.69 bn)
Value: RM2.80 bn (100-day avg val: RM3.50 bn)
Market Breadth: ⬆️341 ⬇️773
Crude palm oil: RM3,931 (-RM38)

Dow Futures: 40,425 pts (-190 pts)

**Source: Bloomberg, M+ **
 

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