M+ Market Wrap - 24 Jan 25

FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)

Despite the upbeat across the regional market, the FBMKLCI (-0.22%) bucked the trend and closed lower at 1573.73 pts, dragged down by YTLPOWR (-44.0 sen) and YTL (-26.0 sen). The YTL-related counters suffered from strong selloffs following the Group’s plan to issue non-tradeable warrants, as investors worry about dilution concerns due to the increase in the share base. The market breadth was also negative, with 654 losers against 314 winners. In the broader market, the Telecommunications & Media (+0.46%) gained the most, led by CDB (+5.0 sen) and MAXIS (+3.0 sen), while Utilities (-2.67%) declined the most due to the selloffs in the YTL-related counters.

Top 3 Active stocks:
KOPI (0338): RM0.850 (-2.5 sen)
YTL (4677): RM2.120 (-26.0 sen)

GAMUDA (5398): RM4.190 (-10.0 sen)

Volume: 3.01 bn (100-bar avg vol: 2.99 bn)
Value: RM3.06 bn (100-bar avg val: RM2.74 bn)
Market Breadth: ⬆️314 ⬇️654
Crude palm oil: RM4,227 (+RM37)

Dow Futures: 44,751 pts (+2 pts)

**Source: Bloomberg, M+ **

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