M+ Market Wrap - 22 Oct 24
FBM KLCI: 1,642.54 pts (-3.14pts, -0.19%)
Despite Malaysia’s economic growth being anticipated between the range of 4.5-5.5% next year, the sentiment was dragged down by selected Banking heavyweights like MAYBANK (-4.0 sen) and CIMB (-4.0 sen), leading the FBMKLCI to close lower (-0.19%). The market breadth was negative, with losers outnumbering gainers at 509-to-460 stocks. Following GAMUDA's (+0.34 sen) recent contract wins in Taiwan worth RM4.3bn, the Construction (+2.21%) sector ended positively, while the Property (-0.37%) sector extended lower.
Top 3 Active stocks:
NICE (7139): RM0.175 (+1.0 sen)
MYEG (0138): RM0.885 (-0.5 sen)
ALPHA (0303): RM0.360 (-0.5 sen)
Volume: 2.67 bn (100-bar avg vol: 4.15 bn)
Value: RM2.49 bn (100-bar avg val: RM3.51 bn)
Market Breadth: ⬆️460 ⬇️509
Crude palm oil: RM4,376 (+RM77)
Dow Futures: 43,040 pts (-137 pts)
**Source: Bloomberg, M+ **
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