M+ Market Wrap - 23 Jan 25

FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)

In tandem with the regional markets’ selloffs, the FBMKLCI (-0.67%) snapped its 4-days winning streak to close lower at 1577.20 pts, dragged down by the banking heavyweights. All eyes were on the listing of KOPI (+43.5 sen) today, which share price achieved more than 100% intraday gain from the issue price of 44.0 sen, reaching an intraday high of 98.5 sen before closing lower at 87.5 sen. Market breadth was also negative, with 671 losers against 283 winners. In the broader market, all sectors ended negatively except REIT (+0.10%). Meanwhile, the Energy (-1.45%) sector declined the most. 

Top 3 Active stocks:
KOPI (0338): RM0.875 (+43.5 sen)
EAH (0154): RM0.010 (+0.5 sen)

CBHB (0339): RM0.370 (+2.0 sen)

Volume: 3.24 bn (100-bar avg vol: 3.00 bn)
Value: RM2.75 bn (100-bar avg val: RM2.77 bn)
Market Breadth: ⬆️283 ⬇️671
Crude palm oil: RM4,183 (-RM25)

Dow Futures: 44,318 pts (-35 pts)

**Source: Bloomberg, M+ **

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