M+ Market Wrap - 25 Oct 24

FBM KLCI: 1,618.30 pts (-13.93pts, -0.85%)

In tandem with the mixed regional markets’ performance, the FBMKLCI (-0.85%) extended its losses, closing at the lowest for the week around 1,618 level as selling pressure from Banking and Utilities heavyweights, namely PBBANK (-11.0 sen) and YTLPOWR (-22.0 sen), dragged down sentiment on the index. The market breadth was negative, with losers outnumbering gainers by 656-to-354 stocks. In the broader market, Construction (+0.51%) sector gained the most, led by GAMUDA (+9.0 sen) and IJM (+3.0 sen), while Utilities (-1.63%) sector was the laggard.

Top 3 Active stocks:
INGENIEU (5178): RM0.050 (-0.5 sen)
PERMAJU (7080): RM0.030 (-0.5 sen)

FOCUS (0116): RM0.025 (unch)

Volume: 2.47 bn (100-bar avg vol: 4.08 bn)
Value: RM2.14 bn (100-bar avg val: RM3.43 bn)
Market Breadth: ⬆️354 ⬇️656
Crude palm oil: RM4,535 (-RM68)

Dow Futures: 42,666 pts (+61 pts)

**Source: Bloomberg, M+ **

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