M+ Market Wrap - 9 Aug 24

FBM KLCI: 1,596.05 pts (+5.67pts, +0.36%)

The FBM KLCI (+0.36%) ended higher as the index was lifted by buying pressure in Utilities and Industrial Products & Services heavyweights namely YTLPOWR (+12.0 sen) and PMETAL (+10.0 sen). On the regional market, recession fears faded following a better-than-expected US jobs data, coupled with lower US mortgage rates. Meanwhile, market breadth was positive as gainers outpaced losers by 1103-to-218 stocks. On the broader market, all the sectors were positive with Technology (+3.36%) rising the most.

Top 3 Active stocks:
CEB (5311):  RM0.520 (+4.5 sen)
MYEG (0138): RM0.915 (+3.0 sen)

TECHNAX (2739): RM0.170 (+3.5 sen)

Volume: 4.20 bn (100-day avg vol: 4.80 bn)
Value: RM2.93 bn (100-day avg val: RM3.56 bn)
Market Breadth: ⬆️1103 ⬇️218
Crude palm oil: RM3,747 (+RM43)

Dow Futures: 39,698 pts (+97 pts)

**Source: Bloomberg, M+ **

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