M+ Market Wrap - 19 Dec 24

FBM KLCI: 1,600.09 pts (+0.51pts, +0.03%)

The FBMKLCI (+0.03%) eked out marginal gains after the Fed's slower easing cycle outlook for next year has weakened the sentiment in the global markets. Meanwhile, market breadth was negative, with 693 losers compared to 369 gainers. Utilities (+3.19%) outperformed, led by YTL-related counters, after the group announced that the MACC had cleared its subsidiary of any wrongdoing related to the 1BestariNet project, while Industrial Products & Services (-0.92%) declined the most.

Top 3 Active stocks:
YTL (4677): RM2.550 (+41.0 sen)
WINSTAR (0336): RM0.510 (+16.0 sen)

YTLPOWR (6742): RM4.080 (+42.0 sen)

Volume: 3.21 bn (100-bar avg vol: 3.26 bn)
Value: RM3.03 bn (100-bar avg val: RM3.00 bn)
Market Breadth: ⬆️369 ⬇️693
Crude palm oil: RM4,509 (-RM20)

Dow Futures: 42,901 pts (+123 pts)

**Source: Bloomberg, M+ **

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