M+ Market Wrap - 25 Nov 24

FBM KLCI: 1,597.45 pts (+7.67pts, +0.48%)

In tandem with Wall Street’s overnight advancement, the FBMKLCI (+0.48%) extended its gains and closed higher at 1597.45, supported by banking heavyweights including CIMB (+16.0 sen) and PBBANK (+7.0 sen). Nevertheless, the market breadth was negative, with 540 losers against 501 winners. In the broader market, the Technology (+1.96%) sector gained the most, led by VITROX (+23.0 sen) and INARI (+7.0 sen) led by index rebalancing activities.Conversely, the Consumer Products & Services (-0.83%) sector experienced the largest decline. 

Top 3 Active stocks:
SUNWAY (5211): RM5.020 (+3.0 sen)
CIMB (1023): RM8.380 (+16.0 sen)

PBBANK (1295): RM4.450 (+7.0 sen)

Volume: 3.01 bn (100-bar avg vol: 3.57 bn)
Value: RM5.40 bn (100-bar avg val: RM3.13 bn)
Market Breadth: ⬆️501 ⬇️540
Crude palm oil: RM4,708 (+RM66)

Dow Futures: 44,640 pts (+245 pts)

**Source: Bloomberg, M+ **

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