M+ Market Wrap - 17 Jan 25

FBM KLCI: 1,566.72 pts (+11.18pts, +0.72%)

The FBMKLCI (+0.72%) closed higher after China, the world’s second-largest economy, posted stronger-than-anticipated economic growth, helped by a flurry of stimulus measures; boosting sentiment on the global markets. Market breadth was positive, with 549 gainers compared to 433 losers. The Technology sector (+1.13%) managed to rebound, buoyed by gains in FRONTKN (+11.0 sen) and MYEG (+2.0 sen), while the REIT sector (-0.22%) declined the most.

Top 3 Active stocks:
GAMUDA (5398): RM4.240 (-2.0 sen)
SALUTE (0183): RM0.265 (-15.5 sen)

VELESTO (5243): RM0.185 (+2.0 sen)

Volume: 3.11 bn (100-bar avg vol: 3.02 bn)
Value: RM3.07 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️549 ⬇️433
Crude palm oil: RM4,178 (-RM8)

Dow Futures: 43,488 pts (+116 pts)

**Source: Bloomberg, M+ **

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