M+ Market Wrap - 15 Aug 24

FBM KLCI: 1,612.94 pts (+0.59pts, +0.04%)

The FBM KLCI (+0.04%) closed slightly higher as the index was lifted by buying pressure within the Banking heavyweights namely CIMB (+12.0 sen) and PBBANK (+5.0 sen). On the broader market, recession fears faded following the cooler-than-expected US CPI and PPI data. Meanwhile, market breadth was negative with losers were ahead gainers by 768-to-285 stocks. On the broader market, the Financials (+0.36%) sector was the best performing sector led by CIMB and PBBANK, while the Property (-3.29%) sector declined the most.

Top 3 Active stocks:
SPSETIA (8664):  RM1.290 (-23.0 sen)
CEB (5311): RM0.430 (-3.0 sen)

SIMEPROP (5288): RM1.310 (-18.0 sen)

Volume: 3.57 bn (100-day avg vol: 4.77 bn)
Value: RM2.77 bn (100-day avg val: RM3.54 bn)
Market Breadth: ⬆️285 ⬇️768
Crude palm oil: RM3,748 (+RM25)

Dow Futures: 40,200 pts (+81 pts)

**Source: Bloomberg, M+ **

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