M+ Market Wrap - 18Sep24

FBM KLCI: 1,660.59 pts (-3.69pts, -0.22%)

The FBM KLCI (-0.22%) ended lower after hitting an intraday high of around 1,664, as Utilities and Industrial Products & Services heavyweights, namely YTL (-9.0 sen) and PCHEM (-6.0 sen), dragged down the sentiment on the local front Also, investors stayed cautious ahead of the FOMC meeting. Additionally, market breadth was negative, with losers outnumbering gainers by 526-to-442 stocks. In the broader market, the Technology sector (+0.64%) was the best-performing sector, led by INARI (+6.0 sen) and MYEG (+2.5 sen), while the Healthcare sector (-1.31%) experienced the largest decline.

Top 3 Active stocks:
MYEG (0138): RM0.955 (+2.5 sen)
TOPGLOV (7113): RM1.070 (-7.0 sen)

ALPHA (0303): RM0.355 (unch)

Volume: 2.30 bn (100-day avg vol: 4.61 bn)
Value: RM2.75 bn (100-day avg val: RM3.69 bn)
Market Breadth: ⬆️442 ⬇️526
Crude palm oil: RM3,835 (+RM99)

Dow Futures: 42,074 pts (+37 pts)

**Source: Bloomberg, M+ **

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