M+ Market Wrap - 9 Dec 24

FBM KLCI: 1,611.43 pts (-1.82pts, -0.11%)

The FBMKLCI (-0.11%) continued its pullback for the second consecutive day and closed lower at 1611.43 pts, mainly dragged down by heavyweights like YTL (-9.0 sen) and PBBANK (-4.0 sen). The market breadth was also negative, with 662 losers against 433 winners. All the sectors had also ended on a negative tone except Plantation (+0.15%), which was led by SDG (+5.0 sen) and IOICORP (+2.0 sen), as floods throughout the country are expected to reduce the supply of palm oil leading to higher CPO prices. Meanwhile, the Utilities (-1.19%) sector saw the largest decline following the profit-taking activities across YTL (-9.0 sen) and YTLPOWR (-9.0 sen). 

Top 3 Active stocks:
ZENTECH (0094): RM0.005 (-0.5 sen)
MYEG (0138): RM0.940 (+2.0 sen)

TOPGLOV (7113): RM1.330 (+1.0 sen)

Volume: 3.02 bn (100-bar avg vol: 3.38 bn)
Value: RM2.40 bn (100-bar avg val: RM3.06 bn)
Market Breadth: ⬆️433 ⬇️662
Crude palm oil: RM5,134 (+RM6)

Dow Futures: 44,686 pts (-20 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.