M+ Market Wrap - 7 Aug 24

FBM KLCI: 1,591.87 pts (+17.48pts, +1.11%)

The FBM KLCI (+1.11%) extended the rebound as the index was lifted by buying pressure in YTL-related stocks as investors gained confidence after BOJ sent a less hawkish tone by pledging to refrain from hiking rates in the volatile market. Meanwhile, market breadth was positive as gainers outnumbered losers by 1,061 to 270 stocks. On the broader market, the Energy sector (+3.14%) was the best-performing sector, led by DIALOG (+7.0 sen) and DAYANG (+20.0 sen), while the Plantations sector (-0.37%) declined the most.

Top 3 Active stocks:
CEB (5311):  RM0.435 (+3.0 sen)
JIANKUN (8923): RM0.070 (-1.0 sen)

MYEG (0138): RM0.890 (+0.5 sen)

Volume: 5.12 bn (100-day avg vol: 4.79 bn)
Value: RM4.02 bn (100-day avg val: RM3.55 bn)
Market Breadth: ⬆️1061⬇️1270
Crude palm oil: RM3,696 (-RM9)

Dow Futures: 39,428 pts (+285 pts)

**Source: Bloomberg, M+ **

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