M+ Market Wrap - 24 Oct 24
FBM KLCI: 1,632.23 pts (-9.30pts, -0.57%)
The FBMKLCI (-0.57%) ended the day on a negative note, as weaker sentiment was observed in selected Banking heavyweights like CIMB (-5.0 sen) and MAYBANK (-4.0 sen), mirroring the Asian markets' performances. This maybe driven by ongoing concerns in the U.S. of a slower pace of Fed rate cuts, which has contributed to the negative sentiment. The market breadth was negative, with losers outnumbering gainers by 712-to-312 stocks. In the broader market, all sectors were red except for the Telco & Media sector, which extended its gain (+0.48%), led by MAXIS (+2.0 sen) and ASTRO (+1.0 sen).
Top 3 Active stocks:
BSLCORP (7221): RM0.030 (unch)
FITTERS (9318): RM0.035 (-0.5 sen)
INGENIEU (5178): RM0.055 (unch)
Volume: 2.65 bn (100-bar avg vol: 4.10 bn)
Value: RM2.28 bn (100-bar avg val: RM3.48 bn)
Market Breadth: ⬆️312 ⬇️712
Crude palm oil: RM4,571 (+RM85)
Dow Futures: 42,709 pts (-29 pts)
**Source: Bloomberg, M+ **
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