M+ Market Wrap - 31 Jul 24

FBM KLCI: 1,625.57 pts (+13.63pts, +0.85%)

The FBM KLCI (+0.85%) ended higher lifted by the buying pressure in Financials heavyweights, namely CIMB (+22.0 sen) and MAYBANK (+14.0 sen); despite the mixed US overnight performance as investors stayed cautios ahead of major earnings this week. Meanwhile, the market breadth was negative as losers were ahead gainers by 602-to-480 stocks. On the broader market, the Financial Services sector (+1.21%) was the best performing sector led by CIMB and MAYBANK, while the Technology sector (-1.18%) declined the most.

Top 3 Active stocks:
VELOCITY (7165): RM0.065 (-1.0 sen)
TOPGLOV (7113): RM1.030 (-6.0 sen)

VELESTO (5243): RM0.215 (-0.5 sen)

Volume: 4.42 bn (100-day avg vol: 4.67 bn)
Value: RM3.62 bn (100-day avg val: RM3.45 bn)
Market Breadth: ⬆️480 ⬇️602
Crude palm oil: RM3,897 (-RM18)

Dow Futures: 41,128 pts (+169 pts)

**Source: Bloomberg, M+ **
 

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