M+ Market Wrap - 10Sep24

FBM KLCI: 1,660.35 pts (+8.86pts, +0.54%)

The FBM KLCI (+0.54%) rebounded despite a volatile intraday session, as banking heavyweights, namely CIMB (+21.0 sen) and PBBANK (+11.0 sen) boosted the sentiment on the local front, supported by strong foreign buying interest and robust GDP growth expectation in Malaysia. However, market breadth was negative, with losers led gainers by 501-to-479 stocks. In the broader market, the Financial Services sector (+1.0%) was the best performer, led by CIMB and PBBANK, while the Industrial Products & Services sector (-0.73%) declined the most.

Top 3 Active stocks:
GTRONIC (7022): RM0.540 (-26.0 sen)
99SMART (5326): RM1.890 (+1.0 sen)

ALPHA (0303): RM0.340 (+1.0 sen)

Volume: 3.05 bn (100-day avg vol: 4.67 bn)
Value: RM3.79 bn (100-day avg val: RM3.68 bn)
Market Breadth: ⬆️479 ⬇️501
Crude palm oil: RM3,885 (-RM10)

Dow Futures: 40,832 pts (-50 pts)

**Source: Bloomberg, M+ **

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