M+ Market Wrap - 26 Jul 24

FBM KLCI: 1,612.88 pts (-2.30pts, -0.14%)

The FBM KLCI (-0.14%) ended lower dragged by selling pressure in NESTLE after weaker earnings and coupled with analyst downgrades. The broader market still lacks a clear buying catalyst as the performance on Wall Street has been on a downtrend this week. Meanwhile, the market breadth was negative as losers outnumbered gainers by 569-to-455 stocks. On the broader market, the Energy sector (+0.82%) was the best performing sector led by HIBISCS (+15.0 sen) and DAYANG (+5.0 sen), while the Technology sector (-0.36%) declined the most.

Top 3 Active stocks:
KUCINGKO (0315): RM0.57 (+27.0 sen)
CEB (5311): RM0.71 (-17.0 sen)

OCR (7071): RM0.095 (-0.5 sen)

Volume: 3.83 bn (100-day avg vol: 4.69 bn)
Value: RM2.70 bn (100-day avg val: RM3.50 bn)
Market Breadth: ⬆️455 ⬇️569
Crude palm oil: RM3,953 (+RM35)

Dow Futures: 40,380 pts (+188 pts)

**Source: Bloomberg, M+ **

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