M+ Market Wrap - 26 Aug 24
FBM KLCI: 1,639.12 pts (+3.38pts, +0.21%)
The FBM KLCI (+0.20%) closed higher as the index was lifted by buying pressure in the Banking and Utilities heavyweights, namely MAYBANK (+20.0 sen) and TENAGA (+3.0 sen), despite mixed regional markets' performance following the Fed's dovish tone. Meanwhile, market breadth was negative, with losers outnumbering gainers by 578-to-506 stocks. On the broader market, the Energy (+1.51%) sector was the best-performing sector, led by YINSON (+7.0 sen) and DAYANG (+8.0 sen), while the Technology (-0.94%) sector declined the most.
Top 3 Active stocks:
ELRIDGE (0318): RM0.450 (+4.5 sen)
CEB (5311): RM0.385 (+0.5 sen)
VELESTO (5243): RM0.215 (+0.5 sen)
Volume: 2.83 bn (100-day avg vol: 4.74 bn)
Value: RM2.62 bn (100-day avg val: RM3.57 bn)
Market Breadth: ⬆️506 ⬇️578
Crude palm oil: RM3,987 (+RM120)
Dow Futures: 41,304 pts (+34 pts)
**Source: Bloomberg, M+ **
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