M+ Market Wrap - 13 Aug 24

FBM KLCI: 1,609.52 pts (+2.86pts, +0.18%)

The FBM KLCI (+0.18%) closed slightly higher as buying support were noticed within the Banking and Industrial Products heavyweights, in tandem with the regional markets' performance. However, the mildly positive performance was muted as traders might be waiting for the upcoming economic data such as PPI and CPI in the US. Meanwhile, market breadth was negative with losers outnumbered gainers by 705-to-334 stocks. On the broader market, the Financial (+0.23%) sector was the best performing sector led by CIMB (+6.0 sen) and AMBANK (+8.0 sen), while the Construction (-1.78%) sector declined the most.

Top 3 Active stocks:
CEB (5311):  RM0.455 (-5.0 sen)
SCB (0316): RM0.36 (+9.0 sen)

TOPGLOV (7113): RM0.905 (-3.0 sen)

Volume: 3.42 bn (100-day avg vol: 4.79 bn)
Value: RM2.50 bn (100-day avg val: RM3.57 bn)
Market Breadth: ⬆334 ⬇705
Crude palm oil: RM3,683 (-RM25)

Dow Futures: 39,553 pts (+73 pts)

Source: Bloomberg, M+

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