M+ Market Wrap - 13 Dec 24

FBM KLCI: 1,608.75 pts (+6.67pts, +0.42%)

After 5-days of losing streak, the FBMKLCI (+0.42%) bucked the trend and closed higher at 1608.75 pts, mainly led by utilities and industrial products heavyweights like TENAGA (+16.0 sen) and PMETAL (+10.0 sen). The market breadth has also turned positive, with 611 winners against 488 losers. In the broader market, the Healthcare sector (+2.87%) once again emerged as the best-performing sector after two days of decline, led by TOPGLOV (+9.0 sen) and HARTA (+10.0 sen), as glove-related counters resumed their rallies following some news on mystery disease in Congo and flu bug in China. Meanwhile, the Energy (-0.50%) sector saw the largest decline. 

Top 3 Active stocks:
TOPGLOV (7113): RM1.410 (+9.0 sen)
MYEG (0138): RM0.945 (unch)

DSONIC (5216): RM0.430 (unch)

Volume: 2.79 bn (100-bar avg vol: 3.30 bn)
Value: RM2.40 bn (100-bar avg val: RM3.02 bn)
Market Breadth: ⬆️611 ⬇️488
Crude palm oil: RM4,901 (-RM20)

Dow Futures: 44,037 pts (+60 pts)

**Source: Bloomberg, M+ **

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