M+ Market Wrap - 9 Oct 24

FBM KLCI: 1,634.91 pts (-0.71pts, -0.04%)

Despite the positive overnight performance in the US market, the FBM KLCI (-0.04%) saw a pullback after reaching an intraday high around 1,642, as PCHEM (-20.0 sen) and PMETAL (-19.0 sen) dragged down the sentiment on the local front. Market breadth was negative, with losers led gainers by 566-to-548 stocks. In the broader market, the Construction sector (+1.90%) was the best performer, led by GAMUDA (+19.0 sen) and SUNCON (+22.0 sen), while the Industrial Products & Services sector (-1.32%) declined the most.

Top 3 Active stocks:
PERTAMA (8532): RM0.245 (-24.0 sen)
CREST (0323): RM0.350 (unch)

TWL (7079): RM0.025 (unch)

Volume: 3.22 bn (100-day avg vol: 4.44 bn)
Value: RM2.47 bn (100-day avg val: RM3.67 bn)
Market Breadth: ⬆️548 ⬇️566
Crude palm oil: RM4,252 (-RM19)

Dow Futures: 42,292 pts (-83 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.