M+ Market Wrap - 27 Jan 25

FBM KLCI: 1,558.97 pts (-14.76pts, -0.94%)

The FBMKLCI (-0.94%) closed lower, as losses in Utilities heavyweights dragged down sentiment on the local front; the latter due to ongoing sell-offs in YTL-related counters following the Group’s plan to issue inflexible 1-for-5 warrants. Market breadth was negative, with 782 losers against 235 gainers. In the broader market, all sectors ended negatively except Financial Services (+0.18%), led by Banking heavyweights like PBBANK (+5.0 sen) and HLBANK (+18.0 sen).

Top 3 Active stocks:
YTL (4677): RM1.930 (-19.0 sen)
YTLPOWR (6742): RM3.220 (-39.0 sen)

MYEG (0138): RM0.935 (-2.5 sen)

Volume: 2.76 bn (100-bar avg vol: 2.99 bn)
Value: RM2.38 bn (100-bar avg val: RM2.74 bn)
Market Breadth: ⬆️235 ⬇️782
Crude palm oil: RM4,223 (+RM7)

Dow Futures: 44,095 pts (-507 pts)

**Source: Bloomberg, M+ **

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