M+ Market Wrap - 10 Oct 24

FBM KLCI: 1,640.94 pts (+6.03pts, +0.37%)

In tandem with the performance of the regional markets and a positive overnight rally in the US market, the FBM KLCI (+0.37%) saw a rebound to close at 1,640.94, led by CDB (+6.0 sen) and YTL (+6.0 sen). Investors will be monitoring the upcoming CPI in order to determine the Fed's monetary policies going forward. Market breadth was positive, with gainers outperformed losers by 568-to-434 stocks. In the broader market, the Technology sector (+0.90%) was the best performer, led by MYEG (+3.0 sen) and INARI (+3.0 sen), as ringgit has started to weaken over the past week, while the Energy sector (-0.25%) closed lower.

Top 3 Active stocks:
PERTAMA (8532): RM0.310 (+6.5 sen)
MYEG (0138): RM0.935 (+3.0 sen)

TOPGLOV (7113): RM1.03 (-2.0 sen)

Volume: 2.64 bn (100-day avg vol: 4.41 bn)
Value: RM2.31 bn (100-day avg val: RM3.65 bn)
Market Breadth: ⬆️568 ⬇️434
Crude palm oil: RM4,226 (-RM26)

Dow Futures: 42,754 pts (-59 pts)

**Source: Bloomberg, M+ **

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