M+ Market Wrap - 27 Dec 24

FBM KLCI: 1,628.14 pts (+14.44pts, +0.89%)

The FBMKLCI (+0.89%) continued its upward momentum for the 4th consecutive day, closing higher at 1628.14 pts, mainly driven by key heavyweights including TENAGA (+56.0 sen) and CIMB (+11.0 sen). TENAGA share price experienced a huge gap up of 24 ticks this morning following its proposed electricity tariff hike in 2H2025 onwards. The market breadth was also positive, with 617 winners against 420 losers. In the broader market, all the sectors closed on a bullish tone, except Consumer Products & Services (-0.09%) and Transportation & Logistics (-0.09%) which both experienced a marginal decline. 

Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
VANZO (0333): RM0.200 (-0.5 sen)

MYEG (0138): RM0.965 (+1.5 sen)

Volume: 2.87 bn (100-bar avg vol: 3.10 bn)
Value: RM2.08 bn (100-bar avg val: RM2.91 bn)
Market Breadth: ⬆️617 ⬇️420
Crude palm oil: RM4,620 (+RM77)

Dow Futures: 43,569 pts (-133 pts)

**Source: Bloomberg, M+ **

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