M+ Market Wrap - 16 Jan 25

FBM KLCI: 1,555.54 pts (-6.58pts, -0.42%)

Bucking the positive sentiment in the regional markets, the FBMKLCI (-0.42%) closed lower on another losing streak, as Utilities and Construction heavyweights failed to hold onto its gains during the morning session. Market breadth was negative with 525 decliners against 480 gainers. Technology sector (+1.76%) outperformed, with buying interest was observed in oversold stocks like INARI (+11.0 sen) and VITROX (+16.0 sen) while the Construction sector (-3.58%) declined the most.

Top 3 Active stocks:
CBHB (0339): RM0.335 (+5.5 sen)
TWL (7079): RM0.025 (unch)

GAMUDA (5398): RM4.260 (-19.0 sen)

Volume: 3.61 bn (100-bar avg vol: 3.01 bn)
Value: RM3.16 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️480 ⬇️525
Crude palm oil: RM4,174 (-RM94)

Dow Futures: 43,451 pts (-15 pts)

**Source: Bloomberg, M+ **

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