M+ Market Wrap - 2Sep24

FBM KLCI: 1,678.19 pts (-0.61pts, -0.04%)

The FBM KLCI (-0.04%) ended marginally lower, dragged down by selling pressure in the Banking and Industrial Products & Services sectors, notably PBBANK (-7.0 sen) and PCHEM (-8.0 sen); in line with the regional markets' performance as investors traded cautiously ahead of key economic data that will be realeased in the US. However, market breadth was positive, with gainers outnumbering losers by 679-to-467 stocks. In the broader market, the Construction sector (+1.51%) was the best performer, led by IJM (+11.0 sen) and SUNCON (+12.0 sen), while the Transportation & Logistics sector (-0.84%) closed lower for the session.

Top 3 Active stocks:
TALAMT (2259): RM0.030 (+0.5 sen)
TWL (7079): RM0.025 (unch)

WCT (9679): RM1.020 (-4.0 sen)

Volume: 3.25 bn (100-day avg vol: 4.73 bn)
Value: RM3.02 bn (100-day avg val: RM3.65 bn)
Market Breadth: ⬆️679 ⬇️467
Crude palm oil: RM3,930 (-RM47)

Dow Futures: 41,597 pts (-56 pts)

**Source: Bloomberg, M+ **

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