M+ Market Wrap - 14 Aug 24

FBM KLCI: 1,612.35 pts (+2.83pts, +0.18%)

The FBM KLCI (+0.18%) closed slightly higher as the index was lifted by buying pressure within the Consumer and Industrial Products services heavyweights, in tandem with the regional markets' performance following softer PPI data, raising the likelihood of the Fed's rate cut in September. Meanwhile, market breadth was positive with gainers were ahead losers by 574-to-439 stocks. On the broader market, the Energy (+1.06%) sector was the best performing sector led by DIALOG (+4.0 sen) and YINSON (+4.0 sen), while the Teclo & Media (-0.67%) sector declined the most.

Top 3 Active stocks:
TWL (7079):  RM0.030 (unch)
CEB (5311): RM0.460 (+0.5 sen)

MYEG (0138): RM0.905 (unch)

Volume: 3.57 bn (100-day avg vol: 4.78 bn)
Value: RM2.51 bn (100-day avg val: RM3.56 bn)
Market Breadth: ⬆️574 ⬇️439
Crude palm oil: RM3,720 (+RM30)

Dow Futures: 39,937 pts (+48 pts)

**Source: Bloomberg, M+ **

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