M+ Market Wrap - 8 Aug 24

FBM KLCI: 1,590.38 pts (-1.49pts, -0.09%)

The FBM KLCI (-0.09%) ended marginally lower as the index was dragged by the selling pressure with profit taking emerged within heavyweights like YTLPOWR (-14.0 sen) and PBBANK (-2.0 sen); tracking the overnight weakness in the regional markets performance as global uncertainties persisted. Meanwhile, market breadth was negative as losers were ahead gainers by 662 to 445 stocks. On the broader market, the Telco & Media sector (+0.53%) was the best-performing sector, led by AXIATA (+6.0 sen) and CDB (+3.0 sen), while the Consturction sector (-1.51%) declined the most.

Top 3 Active stocks:
CEB (5311):  RM0.475 (+4.0 sen)
TECHNAX (2739): RM0.135 (+3.5 sen)

HUBLINE (7013): RM0.090 (-0.5 sen)

Volume: 4.32 bn (100-day avg vol: 4.80 bn)
Value: RM3.10 bn (100-day avg val: RM3.56 bn)
Market Breadth: ⬆️445⬇️662
Crude palm oil: RM3,712 (+RM15)

Dow Futures: 38,865 pts (-40 pts)

**Source: Bloomberg, M+ **

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