M+ Market Wrap - 2 Dec 24

FBM KLCI: 1,595.48 pts (+1.19pts, +0.07%)

The FBMKLCI (+0.07%) ended marginally higher, as gains in Industrial Products & Services and Plantation heavyweights were offset by losses in Healthcare heavyweights, namely IHH Healthcare, despite its strong prospects and robust earnings, which have spurred selling pressure in the sector. The market breadth was negative, with 549 losers against 497 winners. Buying interest was noticed in Industrial Products & Services (+1.93%) after PMETAL (+30.0 sen) posted robust earnings, benefiting from the surge in aluminum prices, while Healthcare (-1.20%) declined the most.

Top 3 Active stocks:
VELESTO (5243): RM0.155 (-0.5 sen)
AIMFLEX (0209): RM0.155 (-0.5 sen)

SAPRNG (5218): RM0.040 (unch)

Volume: 2.83 bn (100-bar avg vol: 3.47 bn)
Value: RM2.37 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️497 ⬇️549
Crude palm oil: RM4,960 (-RM60)

Dow Futures: 44,987 pts (-68 pts)

**Source: Bloomberg, M+ **

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.