M+ Market Wrap - 3Sep24

FBM KLCI: 1,676.65 pts (-1.54pts, -0.09%)

The FBM KLCI (-0.09%) closed marginally lower, dragged down by selling pressure in the Telco & Media and Industrial Products & Services sectors, notably CDB (-10.0 sen) and PCHEM (-13.0 sen). This performance mirrored the regional markets, which also struggled amid a lack of fresh catalysts. Also, market breadth was negative, with losers were ahead gainers by 518-to-502 stocks. In the broader market, the Health Care sector (+1.08%) was the best performer, led by HARTA (+13.0 sen) and IHH (+3.0 sen), while the Telco & Media sector (-0.94%) declined the most.

Top 3 Active stocks:
VTC (0319): RM0.595 (+15.0 sen)
TALAMT (2259): RM0.030 (unch)

MYEG (0138): RM0.885 (-1.0 sen)

Volume: 2.98 bn (100-day avg vol: 4.72 bn)
Value: RM2.94 bn (100-day avg val: RM3.65 bn)
Market Breadth: ⬆️502 ⬇️518
Crude palm oil: RM3,960 (+RM27)

Dow Futures: 41,512 pts (-141 pts)

**Source: Bloomberg, M+ **

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.