M+ Market Wrap - 12 Aug 24

FBM KLCI: 1,606.66 pts (+10.61pts, +0.66%)

The FBM KLCI (+0.66%) ended higher as the index was lifted by buying pressure in Telco & Media heavyweights namely CDB (+12.0 sen) and MAXIS (+12.0 sen) as bargain hunting activities emerged; tracking the positive US performance last week. Meanwhile, market breadth was positive as gainers outnumbred losers by 646-to-406 stocks. On the broader market, the Utilities (+2.83%) sector was the best performing sector led by YTL-related counters, while Healthcare (-0.32%) sector declined the most.

Top 3 Active stocks:
CEB (5311):  RM0.505 (-1.5 sen)
BARAKAH (7251): RM0.075 (+2.5 sen)

VELESTO (5243): RM0.210 (-0.5 sen)

Volume: 4.01 bn (100-day avg vol: 4.80 bn)
Value: RM2.92 bn (100-day avg val: RM3.56 bn)
Market Breadth: ⬆️646 ⬇️406
Crude palm oil: RM3,708 (-RM39)

Dow Futures: 39,618 pts (-22 pts)

**Source: Bloomberg, M+ **

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.