M+ Market Wrap - 7 Feb 25

FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)

The FBMKLCI (+0.36%) continued its upward tone for the fifth day, closing higher at 1590.91 pts, with gains in CIMB (+17.0 sen) and YTLPOWR (+21.0 sen) leading the key index. According to DOSM, the country also reported a 4.6% YoY up in December’s industrial production index, driven by expansion across all sectors. The market breadth was positive, with 651 winners against 372 losers. In the broader market, the Technology (+2.73%) sector gained the most, led by INARI (+29.0 sen) and MYEG (+3.5 sen), as investors bet that INARI’s key client Broadcom will benefit from higher orders. Meanwhile, the Transportation & Logistics (-0.26%) sector saw the largest decline.

Top 3 Active stocks:
KGROUP (0036): RM0.005 (unch)
MYEG (0138): RM1.020 (+3.5 sen)

TWL (7079): RM0.025 (unch)

Volume: 2.96 bn (100-bar avg vol: 2.95 bn)
Value: RM2.22 bn (100-bar avg val: RM2.65 bn)
Market Breadth: ⬆️651 ⬇️372
Crude palm oil: RM4,540 (+RM137)

Dow Futures: 44,835 pts (-28 pts)

**Source: Bloomberg, M+ **

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