M+ Market Wrap - 10 Jan 25

FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)

Despite the sluggish regional market performance, the FBMKLCI (+0.10%) bucked the trend and closed slightly higher at 1,602.41 pts, led by key heavyweights including CIMB (+7.0 sen) and YTLPOWR (+5.0 sen). Nevertheless, the market breadth was still negative, with 530 losers against 443 winners. In the broader market, the Healthcare (+1.48%) sector emerged as the top gainer, with bargain-hunting activities occurred across glove counters like HARTA (+8.0 sen) and TOPGLOV (+3.0 sen) after their recent pullback. Meanwhile, the Property (-0.68%) sector ended the day as the worst-performing sector.

Top 3 Active stocks:
VELOCITY (7165): RM0.085 (+1.5 sen)
NATGATE (0270): RM2.450 (-17.0 sen)

SET (0337): RM0.385 (-3.5 sen)

Volume: 2.52 bn (100-bar avg vol: 3.03 bn)
Value: RM2.42 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️443 ⬇️530
Crude palm oil: RM4,383 (+RM87)

Dow Futures: 42,841 pts (+19 pts)

**Source: Bloomberg, M+ **

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