M+ Market Wrap - 5Sep24

FBM KLCI: 1,664.82 pts (-5.42pts, -0.32%)

The FBM KLCI (-0.32%) extended its losses, dragged down by selling pressure in YTL-related counters, as one of its subsidiaries has been questioned by the Malaysian anti-graft agency. Additionally, market breadth was negative, with losers outnumbering gainers by 796-to-323 stocks. In the broader market, the Health Care sector (+0.37%) was the best performer, led by IHH (+5.0 sen) and TOPGLOV (+2.0 sen), while the Technology sector (-3.27%) declined the most.

Top 3 Active stocks:
HAWK (0320): RM0.345 (+19.5 sen)
MYEG (0138): RM0.915 (+1.0 sen)

BAHVEST (0098): RM0.535 (+4.0 sen)

Volume: 3.30 bn (100-day avg vol: 4.71 bn)
Value: RM3.43 bn (100-day avg val: RM3.66 bn)
Market Breadth: ⬆️323 ⬇️796
Crude palm oil: RM3,907 (+RM21)

Dow Futures: 41,108 pts (+57 pts)

**Source: Bloomberg, M+ **

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