M+ Market Wrap - 5 Aug 24

FBM KLCI: 1,536.48 pts (-74.57pts, -4.63%)

The FBM KLCI (-4.63%) tumbled as investors took a negative cue from the regional markets following the more hawkish tone from the BOJ that could potentially hurt Japanese corporates' margins. Additionally, the reverse carry trade has caused a meltdown in many global exchanges. Meanwhile, market breadth was negative as losers outnumbered gainers by 1659 to 83 stocks. On the broader market, all sectors were negative, with the Technology sector (-9.12%) declining the most."

Top 3 Active stocks:
MYEG (0138): RM0.825 (-14.5 sen)
VELESTO (5243): RM0.195 (-2.0 sen)

PHB (4464): RM0.010 (unch)

Volume: 9.26 bn (100-day avg vol: 4.74 bn)
Value: RM7.97 bn (100-day avg val: RM3.47 bn)
Market Breadth: ⬆️83⬇️1659
Crude palm oil: RM3,794 (-RM123)

Dow Futures: 39,262 pts (-617 pts)

**Source: Bloomberg, M+ **

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