M+ Market Wrap - 21 Aug 24

FBM KLCI: 1,635.32 pts (-7.45pts, -0.45%)

The FBM KLCI (-0.36%) ended lower as selling pressure were noticed within Banking and Utilities heavyweights namely MAYBANK (-8.0 sen) and YTLPOWR (-11.0 sen) as investors traded cautiously ahead of the Jackson Hole meeting this Friday, coupled with weaker regional markets' performance. Meanwhile, the market breadth was negative with losers outnumbered gainers by 573-to-508 stocks. On the broader market, the Transportation & Logistic (+0.62%) sector was the best performing sector led by SYGROUP (+6.0 sen) and WPRTS (+2.0 sen), while the Utilities (-0.66%) sector declined the most.

Top 3 Active stocks:
CEB (5311): RM0.425(+2.5 sen)
MYEG (0138):  RM0.920 (+1.5 sen)

WENTEL (0298): RM0.330 (-0.5 sen)

Volume: 3.28 bn (100-day avg vol: 4.75 bn)
Value: RM2.90 bn (100-day avg val: RM3.57 bn)
Market Breadth: ⬆️508 ⬇️573
Crude palm oil: RM3,757 (+RM42)

Dow Futures: 40,985 pts (+36 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.