M+ Market Wrap - 29 Aug 24

FBM KLCI: 1,653.55 pts (-21.69pts, -1.29%)

The FBM KLCI (-1.29%) ended lower as profit-taking activities were seen in banking heavyweights like CIMB (-38.0 sen) and MAYBANK (-18.0 sen), in line with the regional markets' performance. Meanwhile, market breadth was negative, with losers outnumbering gainers by 851-to-316 stocks. In the broader market, the REIT (+0.19%) sector was the best performer, led by KLCC (+6.0 sen) and IGBREIT (+2.0 sen), while the Construction (-4.62%) sector declined the most.

Top 3 Active stocks:
CEB (5311): RM0.345 (-0.5 sen)
KGROUP (0036): RM0.005 (unch)

SPSETIA (8664): RM1.030 (-5.0 sen)

Volume: 3.68 bn (100-day avg vol: 4.74 bn)
Value: RM3.97 bn (100-day avg val: RM3.60 bn)
Market Breadth: ⬆️316 ⬇️851
Crude palm oil: RM3,933 (+RM13)

Dow Futures: 41,387 pts (+209 pts)

**Source: Bloomberg, M+ **

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