M+ Market Wrap - 21 Oct 24

FBM KLCI: 1,645.68 pts (-0.31pts, -0.02%)

Following the tabling of Budget 2025 last Friday, the FBM KLCI (-0.02%) closed mildly lower as YTL-related counter dragged down the sentiment on the local front. The market breadth was negative, with 645 losers against 395 winners. In the broader market, the Healthcare (+0.87%) sector gained momentum, led by HARTA (+7.0 sen) and KOSSAN (+7.0 sen), as sentiment improved amid the government's aim to improve healthcare infrastructure. However, despite the incentives provided on the Property (-1.29%) sector, especially for the lower and middle classes, the sector declined the most.

Top 3 Active stocks:
CEB (5311): RM0.325 (-0.5 sen)
KHB (0322): RM0.210 (+3.0 sen)

ALPHA (0303): RM0.365 (+0.5 sen)

Volume: 3.02 bn (100-day avg vol: 4.17 bn)
Value: RM2.19 bn (100-day avg val: RM3.52 bn)
Market Breadth: ⬆️395 ⬇️645
Crude palm oil: RM4,302 (+RM47)

Dow Futures: 43,535 pts (+17 pts)

**Source: Bloomberg, M+ **

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