M+ Market Wrap - 7 Jan 25

FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
After losing for three consecutive days, the FBMKLCI (+0.27%) rebounded and closed higher at 1,629.79 pts, driven by buying support into key heavyweights like GAMUDA (+34.0 sen) and SDG (+13.0 sen). However, the market breadth was negative, with 614 losers against 490 winners. In the broader market, the Construction (+3.53%) sector gained the most, as the kickoff of the Penang LRT project drove optimism in construction counters. Meanwhile, the Health Care (-2.09%) sector experienced the largest decline.

Top 3 Active stocks:
VELOCITY (7165): RM0.080 (unch)
GAMUDA (5398): RM5.200 (+34.0 sen)
TOPGLOV (7113): RM1.320 (-4.0 sen)

Volume: 3.91 bn (100-bar avg vol: 3.04 bn)
Value: RM3.30 bn (100-bar avg val: RM2.84 bn)
Market Breadth: ⬆️490 ⬇️614
Crude palm oil: RM4,345 (+RM7)
Dow Futures: 43,015 pts (+33 pts)

**Source: Bloomberg, M+ **

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