M+ Market Wrap - 20 Dec 24

FBM KLCI: 1,591.41 pts (-8.68pts, -0.54%)

The FBMKLCI (-0.54%) ended the week on a negative note, closing below the key 1,600 psychological level as investors continued to reduce their exposure on Banking stocks like MAYBANK (-10.0 sen) and CIMB (-9.0 sen). The market breadth was negative, with 552 decliners and 462 gainers. However, buying support was noticed in stocks with high exposure to the data center supply chain, including the Construction sector (+1.02%), led by GAMUDA (+7.0 sen) and SUNCON (+18.0 sen), as well as the Utilities sector (+0.59%) with YTL-related counters. Meanwhile, Healthcare (-1.98%) declined the most.

Top 3 Active stocks:
ZENTECH (0094): RM0.010 (unch)
YTL (4677): RM2.580 (+3.0 sen)

YTLPOWR (6742): RM4.140 (+6.0 sen)

Volume: 3.40 bn (100-bar avg vol: 3.25 bn)
Value: RM3.77 bn (100-bar avg val: RM3.00 bn)
Market Breadth: ⬆️462 ⬇️552
Crude palm oil: RM4,377 (-RM131)

Dow Futures: 42,570 pts (-227 pts)

**Source: Bloomberg, M+ **

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