M+ Market Wrap - 18 Dec 24

FBM KLCI: 1,599.58 pts (+2.25pts, +0.14%)

After two consecutive days of losses, the FBMKLCI rebounded (+0.14%), closing just below the key 1,600 psychological level. Buying support was observed in the Utilities and Consumer Products & Services sectors, with notable gains in TENAGA (+28.0 sen) and NESTLE (+120.0 sen). However, market breadth was negative, with 501 losers compared to 480 winners. In line with US efforts to boost domestic nitrile glove production, glove stocks such as HARTA (+20.0 sen) and TOPGLOV (+7.0 sen) boosted sentiment in the Healthcare sector (+2.61%), while the Telco & Media sector (-0.57%) saw the largest decline.

Top 3 Active stocks:
CARLORINO (0335): RM0.230 (-4.0 sen)
SUPERMX (7106): RM1.220 (+12.0 sen)

TOPGLOV (7113): RM1.380 (+7.0 sen)

Volume: 2.55 bn (100-bar avg vol: 3.27 bn)
Value: RM2.29 bn (100-bar avg val: RM3.01 bn)
Market Breadth: ⬆️480 ⬇️501
Crude palm oil: RM4,521 (-RM204)

Dow Futures: 44,026 pts (+59 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.