M+ Market Wrap - 6Sep24

FBM KLCI: 1,653.12 pts (-11.70pts, -0.70%)

The FBM KLCI (-0.70%) extended its losses, weighed down by selling pressure on Utilities and Transportation & Logistics heavyweights, namely YTL (-21.0 sen) and MISC (-36.0 sen); in line with the regional markets' performance as investors stayed cautious ahead of a crucial U.S. jobs report and weaker economic data from Japan. Additionally, market breadth was negative, with losers outnumbering gainers by 662 to 316 stocks. In the broader market, the Plantation sector (+0.25%) was the best performer, led by IOICORP (+4.0 sen) and FGV (+4.0 sen), while the Construction sector (-1.64%) declined the most.

Top 3 Active stocks:
HAWK (0320): RM0.390 (+4.5 sen)
YTL (4677): RM2.490 (-21.0 sen)

YTLPOWR (6742): RM3.520 (-17.0 sen)

Volume: 2.35 bn (100-day avg vol: 4.70 bn)
Value: RM3.06 bn (100-day avg val: RM3.67 bn)
Market Breadth: ⬆️316 ⬇️662
Crude palm oil: RM3,896 (-RM21)

Dow Futures: 40,672 pts (-157 pts)

**Source: Bloomberg, M+ **

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