M+ Market Wrap - 20 Aug 24

FBM KLCI: 1,642.77 pts (-5.93pts, -0.36%)

The FBM KLCI (-0.36%) ended lower as selling pressure were noticed within YTL-related counters. Meanwhile, the regional market were mixed as investors awaiting more clues for the September rate cuts in the upcoming Jackson Hole meeting this Friday. Meanwhile, the market breadth was negative with losers outnumbered gainers by 856-to-356 stocks. On the broader market, the Financial Services (+0.47%) sector was the best performing sector led by PBBANK (+13.0 sen) and AMBANK (+12.0 sen), while the Utilities (-2.80%) sector declined the most.

Top 3 Active stocks:
CEB (5311): RM0.400(-2.0 sen)
PBBANK (1295):  RM4.670 (+13.0 sen)

VELOCITY (7165): RM0.065 (unch)

Volume: 4.20 bn (100-day avg vol: 4.77 bn)
Value: RM4.55 bn (100-day avg val: RM3.55 bn)
Market Breadth: ⬆️356 ⬇️856
Crude palm oil: RM3,712 (-RM9)

Dow Futures: 41,037 pts (+17 pts)

**Source: Bloomberg, M+ **

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