M+ Market Wrap - 22 Aug 24

FBM KLCI: 1,641.66 pts (+6.34pts, +0.39%)

The FBM KLCI (+0.39%) closed higher as buying pressure were noticed within Utilities and Industrial Products & Services heavyweights namely YTLPOWR (+45.0 sen) and PCHEM (+24.0 sen); the former posted a stellar result, translating to a healthy buying interest. Meanwhile, the market breadth was negative with losers were ahead gainers by 616-to-446 stocks. On the broader market, the Plantation (+1.26%) sector was the best performing sector led by KLK (+56.0 sen) and SDG (+7.0 sen), while the Energy (-1.61%) sector declined the most.

Top 3 Active stocks:
ELRIDGE (0318): RM0.400(+11.0 sen)
CEB (5311):  RM0.400 (-2.5 sen)

VELOCITY (7165): RM0.055 (-0.5 sen)

Volume: 3.73 bn (100-day avg vol: 4.75 bn)
Value: RM3.08 bn (100-day avg val: RM3.57 bn)
Market Breadth: ⬆️446 ⬇️616
Crude palm oil: RM3,814 (+RM60)

Dow Futures: 41,051 pts (+45 pts)

**Source: Bloomberg, M+ **

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