M+ Market Wrap - 30 Jul 24

FBM KLCI: 1,611.94 pts (-12.62pts, -0.78%)

The FBM KLCI (-0.78%) ended lower dragged by the sellling pressure in Utilities and Financials heavyweights, namely YTL (-15.0 sen) and MAYBANK (-12.0 sen). Also, investors could be staying cautious ahead the 2-day Fed FOMC meeting that will be concluded tomorrow. Meanwhile, the market breadth was negative as losers led gainers by 814-to-347 stocks. On the broader market, the Technology sector (+0.12%) was the best performing sector led by INARI (+6.0 sen) and MPI (+106.0 sen), while the Healthcare sector (-2.10%) declined the most.

Top 3 Active stocks:
VELOCITY (7165): RM0.075 (-0.5 sen)
OCR (7071): RM0.070 (-1.5 sen)

HUBLINE (7013): RM0.125 (-0.5 sen)

Volume: 4.19 bn (100-day avg vol: 4.68 bn)
Value: RM3.11 bn (100-day avg val: RM3.49 bn)
Market Breadth: ⬆347 ⬇814
Crude palm oil: RM3,919 (+RM11)

Dow Futures: 40,802 pts (+31 pts)

Source: Bloomberg, M+

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