M+ Market Wrap - 25 Jul 24

FBM KLCI: 1,615.18 pts (-5.96pts, -0.37%)

The FBM KLCI (-0.37%) ended lower dragged by selling pressure in Utilities heavyweights namely TENAGA (-40.0 sen) and YTLPOWR (-7.0 sen); tracking weaker overnight US market performance following the dissapointing earnings from tech heavyweights. Meanwhile, the market breadth was negative as losers outnumbered gainers by 954-255 stocks. On the broader market, REIT (+0.11%) was the best performing sector led by CLMT (+2.0 sen) and IGBREIT (+1.0 sen), while the Construction (-2.18%) sector declined the most.

Top 3 Active stocks:
ZENTECH (0094): RM0.015 (+0.5 sen)
OCR (7071): RM0.100 (-0.5 sen)

EKOVEST (8877): RM0.465 (-2.5 sen)

Volume: 4.55 bn (100-day avg vol: 4.69 bn)
Value: RM3.11 bn (100-day avg val: RM3.50 bn)
Market Breadth: ⬆️255 ⬇️954
Crude palm oil: RM3,922 (-RM3)

Dow Futures: 40,214 pts (+104 pts)

**Source: Bloomberg, M+ **

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