M+ Market Wrap - 17 Dec 24

FBM KLCI: 1,597.33 pts (-9.52pts, -0.59%)

The FBMKLCI (-0.59%) extended its losses, retreating below the key 1,600 psychological level, as Industrial Products & Services heavyweights like Press Metal Aluminium weighed on the sentiment. This was compounded by weakened global market sentiments, reflecting a typical off-season trend, with numerous manufacturers either scaling down or undergoing maintenance due to reduced order volumes, which potentially pressured aluminium prices lower. Market breadth was negative, with 704 losers against 346 winners. Almost all sectors ended in the red, except for Telco & Media (+0.12%), which was led by CDB (+1.0 sen) and ASTRO (+0.5 sen).

Top 3 Active stocks:
VANZO (0333): RM0.165 (unch)
ZENTECH (0094): RM0.010 (unch)

MYEG (0138): RM0.950 (-1.0 sen)

Volume: 2.99 bn (100-bar avg vol: 3.28 bn)
Value: RM2.44 bn (100-bar avg val: RM3.01 bn)
Market Breadth: ⬆️346 ⬇️704
Crude palm oil: RM4,708 (-RM50)

Dow Futures: 44,090 pts (-170 pts)

**Source: Bloomberg, M+ **

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.