M+ Market Wrap - 31 Jan 25

FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)

The FBMKLCI (+0.27%) rebounded, tracking the overnight positive performance on Wall Street; buying pressure was seen among banking heavyweights, namely MAYBANK (+10.0 sen) and CIMB (+8.0 sen). Meanwhile, market breadth was positive, with 508 gainers against 319 losers. On the broader market, Utilities (+1.29%) outperformed as bargain hunting emerged within YTL-related counters, while Plantation (-0.66%) declined the most.

Top 3 Active stocks:
YTL (4677): RM1.910 (+1.0 sen)
YTLPOWR (6742): RM3.130 (+2.0 sen)

GAMUDA (5398): RM4.040 (+1.0 sen)

Volume: 1.47 bn (100-bar avg vol: 2.96 bn)
Value: RM1.92 bn (100-bar avg val: RM2.72 bn)
Market Breadth: ⬆️508 ⬇️319
Crude palm oil: RM4,304 (+RM25)

Dow Futures: 45,166 pts (+111 pts)

**Source: Bloomberg, M+ **

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