M+ Market Wrap - 22 Jan 25

FBM KLCI: 1,587.80 pts (+7.34pts, +0.46%)

Despite the regional markets’ selloffs, the FBMKLCI (+0.46%) bucked the trend and closed higher at 1587.80 pts, with gains in CIMB (+12.0 sen) and TENAGA (+20.0 sen) supporting the key index.The country reported a 1.7% YoY CPI growth for December, below Bloomberg's 1.8% median estimate, while BNM maintained the OPR at 3.0%, hence boosting the local market sentiment. Similarly, the market breadth was also positive, with 512 winners against 505 losers. In the broader market, the Transportation & Logistics (+0.66%) sector outperformed the rest, buoyed by gains in MISC (+3.0 sen) and HEXTECH (+3.0 sen). Meanwhile, the Technology (-1.11%) sector saw the largest decline. 

Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
HM (0060): RM0.175 (+0.5 sen)

CBHB (0339): RM0.350 (-1.5 sen)

Volume: 2.97 bn (100-bar avg vol: 3.00 bn)
Value: RM2.24 bn (100-bar avg val: RM2.79 bn)
Market Breadth: ⬆️512 ⬇️505
Crude palm oil: RM4,201 (-RM59)

Dow Futures: 44,298 pts (+60 pts)

**Source: Bloomberg, M+ **

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