M+ Market Wrap - 23 Aug 24
FBM KLCI: 1,635.74 pts (-5.92pts, -0.36%)
The FBM KLCI (-0.36%) ended lower as the index was dragged down by selling pressure within the Banking and Utilities heavyweights, namely PBBANK (-6.0 sen) and PCHEM (-14.0 sen), as investors traded cautiously following the selldown on Wall Street. Meanwhile, the market breadth was negative, with losers outnumbering gainers by 888-to-255 stocks. On the broader market, the Energy (+0.10%) sector was the best performing sector, led by YINSON (+10.0 sen) and ARMADA (+1.0 sen), while the Technology (-3.19%) sector declined the most.
Top 3 Active stocks:
CEB (5311): RM0.380 (-2.0 sen)
MYEG (0138): RM0.890 (-5.0 sen)
NOTION (0083): RM1.140 (-23.0 sen)
Volume: 3.53 bn (100-day avg vol: 4.75 bn)
Value: RM2.80 bn (100-day avg val: RM3.58 bn)
Market Breadth: ⬆️255 ⬇️888
Crude palm oil: RM3,870 (+RM44)
Dow Futures: 40,942 pts (+114 pts)
**Source: Bloomberg, M+ **
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