M+ Market Update – 20Jan25
Market Rebounded After Hitting Oversold Zone
The local bourse closed higher, led by the Utilities and Banking heavyweights. In the US, softer-than-expected inflationary data, coupled with stronger earnings from major banks had contributed to the buying interest on Wall Street. Meanwhile, all eyes will be focusing on President Trump’s inauguration speech later today. In the commodities market, Brent crude oil experienced a marginal pullback below the USD81 level, while gold price is hovering above USD2,700. In anticipation of Trump’s supportive stance towards cryptocurrency, Bitcoin continued to stay elevated above the USD100k mark, while CPO prices rebounded slightly to close at RM4,190.
Sector Focus: As Malaysia is heading the ASEAN chair this year, we are optimistic on the Renewable Energy and Tourism sectors. With Trump’s inauguration, the anticipated intensified US-China trade war could benefit the Technology sector. Lastly, state-specific theme plays like Penang LRT development, Sarawak as a regional energy hub and also formalisation of JS-SEZ may boost the Construction and Property sectors in the near to mid-term.
Stocks to watch:
Technology: ADB, EG, *FRONTKN*, *ITMAX*, *RAMSSOL*
Renewable: PEKAT, SLVEST
O&G: *ARMADA*
Construction: *SENDAI*
Consumer: GCB
Source: M+
Market Rebounded After Hitting Oversold Zone
The local bourse closed higher, led by the Utilities and Banking heavyweights. In the US, softer-than-expected inflationary data, coupled with stronger earnings from major banks had contributed to the buying interest on Wall Street. Meanwhile, all eyes will be focusing on President Trump’s inauguration speech later today. In the commodities market, Brent crude oil experienced a marginal pullback below the USD81 level, while gold price is hovering above USD2,700. In anticipation of Trump’s supportive stance towards cryptocurrency, Bitcoin continued to stay elevated above the USD100k mark, while CPO prices rebounded slightly to close at RM4,190.
Sector Focus: As Malaysia is heading the ASEAN chair this year, we are optimistic on the Renewable Energy and Tourism sectors. With Trump’s inauguration, the anticipated intensified US-China trade war could benefit the Technology sector. Lastly, state-specific theme plays like Penang LRT development, Sarawak as a regional energy hub and also formalisation of JS-SEZ may boost the Construction and Property sectors in the near to mid-term.
Stocks to watch:
Technology: ADB, EG, *FRONTKN*, *ITMAX*, *RAMSSOL*
Renewable: PEKAT, SLVEST
O&G: *ARMADA*
Construction: *SENDAI*
Consumer: GCB
Source: M+
👍1
M+ Market Wrap - 20Jan25
FBM KLCI: 1,572.34 pts (+5.62pts, +0.36%)
In tandem with the regional markets' performance, the FBMKLCI (+0.36%) extended its gains and closed higher at 1572.34 pts, led by key heavyweights including MAYBANK (+14.0 sen) and PMETAL (+13.0 sen). The market breadth was also positive, with 628 winners against 397 losers. In the broader market, 12 out of the 13 sectors ended positively, with the Energy (+1.77%) sector gaining the most, supported by the recent rally in crude oil prices. Meanwhile, Financial Services (-0.05%) was the only sector in red today.
Top 3 Active stocks:
VELESTO (5243): RM0.195 (+1.0 sen)
INGENIEU (5178): RM0.050 (unch)
MYEG (0138): RM0.955 (+1.5 sen)
Volume: 2.95 bn (100-bar avg vol: 3.02 bn)
Value: RM2.45 bn (100-bar avg val: RM2.82 bn)
Market Breadth: ⬆️628 ⬇️397
Crude palm oil: RM4,197 (+RM7)
Dow Futures: 43,722 pts (+27 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,572.34 pts (+5.62pts, +0.36%)
In tandem with the regional markets' performance, the FBMKLCI (+0.36%) extended its gains and closed higher at 1572.34 pts, led by key heavyweights including MAYBANK (+14.0 sen) and PMETAL (+13.0 sen). The market breadth was also positive, with 628 winners against 397 losers. In the broader market, 12 out of the 13 sectors ended positively, with the Energy (+1.77%) sector gaining the most, supported by the recent rally in crude oil prices. Meanwhile, Financial Services (-0.05%) was the only sector in red today.
Top 3 Active stocks:
VELESTO (5243): RM0.195 (+1.0 sen)
INGENIEU (5178): RM0.050 (unch)
MYEG (0138): RM0.955 (+1.5 sen)
Volume: 2.95 bn (100-bar avg vol: 3.02 bn)
Value: RM2.45 bn (100-bar avg val: RM2.82 bn)
Market Breadth: ⬆️628 ⬇️397
Crude palm oil: RM4,197 (+RM7)
Dow Futures: 43,722 pts (+27 pts)
**Source: Bloomberg, M+**
M+ Morning Market Buzz - 21Jan25
Dow Jones: 43,487.83 pts (+334.70pts, +0.78%)
⬆️ Resistance: 44600
⬇️ Support: 41400
FBM KLCI: 1,572.34 pts (+5.62pts, +0.36%)
⬆️ Resistance: 1640
⬇️ Support: 1520
HSI Index: 19,925.81 pts (+341.75pts, +1.75%)
⬆️ Resistance: 20500
⬇️ Support: 18600
Crude Palm Oil: RM4,206 (+RM3, +0.07%)
⬆️ Resistance: 4610
⬇️ Support: 4030
Brent Oil: $80.15 (-$0.64, -0.79%)
⬆️ Resistance: 84.30
⬇️ Support: 77.90
Gold: $2,708.21 (-$1.08, -0.04%)
⬆️ Resistance: 2780
⬇️ Support: 2610
Source: Bloomberg, M+
Dow Jones: 43,487.83 pts (+334.70pts, +0.78%)
⬆️ Resistance: 44600
⬇️ Support: 41400
FBM KLCI: 1,572.34 pts (+5.62pts, +0.36%)
⬆️ Resistance: 1640
⬇️ Support: 1520
HSI Index: 19,925.81 pts (+341.75pts, +1.75%)
⬆️ Resistance: 20500
⬇️ Support: 18600
Crude Palm Oil: RM4,206 (+RM3, +0.07%)
⬆️ Resistance: 4610
⬇️ Support: 4030
Brent Oil: $80.15 (-$0.64, -0.79%)
⬆️ Resistance: 84.30
⬇️ Support: 77.90
Gold: $2,708.21 (-$1.08, -0.04%)
⬆️ Resistance: 2780
⬇️ Support: 2610
Source: Bloomberg, M+
M+ Market Update – 21Jan25
All Eyes Are On Trump’s Policies
The local bourse continued to close higher, buoyed by gains in the Banking and Utilities heavyweights. In the US, market was closed due to Martin Luther King Jr. public holiday, with investors focusing on President Trump’s inauguration speech and his series of executive actions. Meanwhile, other key economic highlights this week include (i) BoJ interest rate decision, (ii) initial jobless claims in the US and also (iii) crude oil inventories. In the commodities market, Brent crude oil broke below the USD81 mark, while gold price continued to hover around the USD2,700 level. Trump’s supportive stance towards cryptocurrency had also led Bitcoin to an all-time-high at USD109k. Meanwhile, CPO prices traded flat around the RM4,200 level.
Sector Focus: With Malaysia heading the ASEAN chair, we remain about the Renewable Energy and Tourism sectors. Although the Energy sector could see continued strength due to Russian oil sanctions and declining crude oil inventories data last week, the optimism may fade as Donald Trump planned to increase the US oil production, thus limiting the upside potential of crude oil price. Meanwhile, the ongoing tariffs on China’s products, which could weaken China’s economy, are likely to reduce global oil demand.
Stocks to watch:
Technology: *EG*, GENETEC, *ITMAX*, MYEG, *RAMSSOL*
Renewable: *SLVEST*
Construction: *SENDAI*
O&G: KEYFIELD
Consumer: GCB
Source: M+
All Eyes Are On Trump’s Policies
The local bourse continued to close higher, buoyed by gains in the Banking and Utilities heavyweights. In the US, market was closed due to Martin Luther King Jr. public holiday, with investors focusing on President Trump’s inauguration speech and his series of executive actions. Meanwhile, other key economic highlights this week include (i) BoJ interest rate decision, (ii) initial jobless claims in the US and also (iii) crude oil inventories. In the commodities market, Brent crude oil broke below the USD81 mark, while gold price continued to hover around the USD2,700 level. Trump’s supportive stance towards cryptocurrency had also led Bitcoin to an all-time-high at USD109k. Meanwhile, CPO prices traded flat around the RM4,200 level.
Sector Focus: With Malaysia heading the ASEAN chair, we remain about the Renewable Energy and Tourism sectors. Although the Energy sector could see continued strength due to Russian oil sanctions and declining crude oil inventories data last week, the optimism may fade as Donald Trump planned to increase the US oil production, thus limiting the upside potential of crude oil price. Meanwhile, the ongoing tariffs on China’s products, which could weaken China’s economy, are likely to reduce global oil demand.
Stocks to watch:
Technology: *EG*, GENETEC, *ITMAX*, MYEG, *RAMSSOL*
Renewable: *SLVEST*
Construction: *SENDAI*
O&G: KEYFIELD
Consumer: GCB
Source: M+
M+ Market Wrap - 21Jan25
FBM KLCI: 1,580.46 pts (+8.12pts, +0.52%)
The FBMKLCI (+0.52%) continued its winning streak for the third consecutive day, closing higher at 1580.46 pts, with gains in PMETAL (+20.0 sen) and YTL (+14.0 sen) led the key index higher. As President Trump refrained from imposing tariffs on his first day in office, it has led to bullish sentiments in the region. The market breadth was also positive, with 665 winners against 372 losers. In the broader market, Construction (+1.97%) sector emerged as the top performing sector, driven by IJM (+14.0 sen) and SUNCON (+19.0 sen), while REIT (-0.03%) was the only sector ended in the negative territory.
Top 3 Active stocks:
HM (0060): RM0.170 (+0.5 sen)
CBHB (0339): RM0.365 (+5.0 sen)
TWL (7079): RM0.025 (unch)
Volume: 3.43 bn (100-bar avg vol: 3.01 bn)
Value: RM2.61 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️665 ⬇️372
Crude palm oil: RM4,235 (+RM29)
Dow Futures: 43,833 pts (+138 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,580.46 pts (+8.12pts, +0.52%)
The FBMKLCI (+0.52%) continued its winning streak for the third consecutive day, closing higher at 1580.46 pts, with gains in PMETAL (+20.0 sen) and YTL (+14.0 sen) led the key index higher. As President Trump refrained from imposing tariffs on his first day in office, it has led to bullish sentiments in the region. The market breadth was also positive, with 665 winners against 372 losers. In the broader market, Construction (+1.97%) sector emerged as the top performing sector, driven by IJM (+14.0 sen) and SUNCON (+19.0 sen), while REIT (-0.03%) was the only sector ended in the negative territory.
Top 3 Active stocks:
HM (0060): RM0.170 (+0.5 sen)
CBHB (0339): RM0.365 (+5.0 sen)
TWL (7079): RM0.025 (unch)
Volume: 3.43 bn (100-bar avg vol: 3.01 bn)
Value: RM2.61 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️665 ⬇️372
Crude palm oil: RM4,235 (+RM29)
Dow Futures: 43,833 pts (+138 pts)
**Source: Bloomberg, M+**
🥰2😍1
M+ Morning Market Buzz - 22Jan25
Dow Jones: 44,025.81 pts (+537.98pts, +1.24%)
⬆️ Resistance: 45000
⬇️ Support: 42100
FBM KLCI: 1,580.46 pts (+8.12pts, +0.52%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 20,106.55 pts (+180.74pts, +0.91%)
⬆️ Resistance: 20700
⬇️ Support: 18800
Crude Palm Oil: RM4,260 (-RM39, -0.92%)
⬆️ Resistance: 4550
⬇️ Support: 4030
Brent Oil: $79.29 (-$0.86, -1.07%)
⬆️ Resistance: 84.30
⬇️ Support: 76.90
Gold: $2,744.81 (-$0.27, -0.05%)
⬆️ Resistance: 2810
⬇️ Support: 2620
Source: Bloomberg, M+
Dow Jones: 44,025.81 pts (+537.98pts, +1.24%)
⬆️ Resistance: 45000
⬇️ Support: 42100
FBM KLCI: 1,580.46 pts (+8.12pts, +0.52%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 20,106.55 pts (+180.74pts, +0.91%)
⬆️ Resistance: 20700
⬇️ Support: 18800
Crude Palm Oil: RM4,260 (-RM39, -0.92%)
⬆️ Resistance: 4550
⬇️ Support: 4030
Brent Oil: $79.29 (-$0.86, -1.07%)
⬆️ Resistance: 84.30
⬇️ Support: 76.90
Gold: $2,744.81 (-$0.27, -0.05%)
⬆️ Resistance: 2810
⬇️ Support: 2620
Source: Bloomberg, M+
👍3
M+ Market Update – 22Jan25
The Data Center Theme Has Regained Momentum
The local bourse closed higher as President Trump's decision to not impose tariffs on China on his first day in office boosted regional sentiment. In the US, markets edged higher, as the US-China relations were off to an unexpectedly warm start after Trump returned to the White House. Meanwhile, Malaysian investors will also continue monitoring the CPI data and BNM’s interest rate decision later today. In the commodities market, Brent crude oil broke below the USD80 mark, while gold price trended higher towards the USD2743 level. Bitcoin is trading around the USD105k level, marking a slight retracement from its all-time-high of USD109k, while CPO prices are still hovering around the RM4,200 level.
Sector Focus: With the upcoming CNY festive season and the start of Sumbangan Tunai Rahmah Phase 1 cash payments today, we expect a last-minute shopping spree to benefit the Consumer, Aviation and Tourism sectors. Momentum in the Construction and Building Materials sectors is likely to persist, driven by the JSSEZ formalisation, Penang LRT project, and ongoing data center investments. Lastly, bargain-hunting in the Technology sector may continue, as Malaysia remains largely unaffected by the US chip sanctions, at least for the near term.
Stocks to watch:
Technology: *ADB*, *CLOUDPT*, EG, KGB
Utility: *MALAKOF*, *SCGBHD*, SLVEST
Construction: *SENDAI*
O&G: ARMADA
Source: M+
The Data Center Theme Has Regained Momentum
The local bourse closed higher as President Trump's decision to not impose tariffs on China on his first day in office boosted regional sentiment. In the US, markets edged higher, as the US-China relations were off to an unexpectedly warm start after Trump returned to the White House. Meanwhile, Malaysian investors will also continue monitoring the CPI data and BNM’s interest rate decision later today. In the commodities market, Brent crude oil broke below the USD80 mark, while gold price trended higher towards the USD2743 level. Bitcoin is trading around the USD105k level, marking a slight retracement from its all-time-high of USD109k, while CPO prices are still hovering around the RM4,200 level.
Sector Focus: With the upcoming CNY festive season and the start of Sumbangan Tunai Rahmah Phase 1 cash payments today, we expect a last-minute shopping spree to benefit the Consumer, Aviation and Tourism sectors. Momentum in the Construction and Building Materials sectors is likely to persist, driven by the JSSEZ formalisation, Penang LRT project, and ongoing data center investments. Lastly, bargain-hunting in the Technology sector may continue, as Malaysia remains largely unaffected by the US chip sanctions, at least for the near term.
Stocks to watch:
Technology: *ADB*, *CLOUDPT*, EG, KGB
Utility: *MALAKOF*, *SCGBHD*, SLVEST
Construction: *SENDAI*
O&G: ARMADA
Source: M+
👍8
M+ Market Wrap - 22Jan25
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+**
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+**
👍2
M+ Morning Market Buzz - 23Jan25
Dow Jones: 44,156.73 pts (+130.92pts, +0.30%)
⬆️ Resistance: 45100
⬇️ Support: 42300
FBM KLCI: 1,587.80 pts (+7.34pts, +0.46%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 19,778.77 pts (-327.78pts, -1.63%)
⬆️ Resistance: 20700
⬇️ Support: 19000
Crude Palm Oil: RM4,208 (-RM27, -0.64%)
⬆️ Resistance: 4370
⬇️ Support: 4030
Brent Oil: $79.00 (-$0.29, -0.37%)
⬆️ Resistance: 84.30
⬇️ Support: 76.90
Gold: $2,756.48 (-$0.65, -0.02%)
⬆️ Resistance: 2820
⬇️ Support: 2640
Source: Bloomberg, M+
Dow Jones: 44,156.73 pts (+130.92pts, +0.30%)
⬆️ Resistance: 45100
⬇️ Support: 42300
FBM KLCI: 1,587.80 pts (+7.34pts, +0.46%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 19,778.77 pts (-327.78pts, -1.63%)
⬆️ Resistance: 20700
⬇️ Support: 19000
Crude Palm Oil: RM4,208 (-RM27, -0.64%)
⬆️ Resistance: 4370
⬇️ Support: 4030
Brent Oil: $79.00 (-$0.29, -0.37%)
⬆️ Resistance: 84.30
⬇️ Support: 76.90
Gold: $2,756.48 (-$0.65, -0.02%)
⬆️ Resistance: 2820
⬇️ Support: 2640
Source: Bloomberg, M+
😁3👍1
M+ Market Update – 23Jan25
Focus Remains on RE and Data Center Themes
The local bourse continued to close higher, supported by Malaysia’s CPI growth of 1.7% for December (below consensus estimate of 1.8%), coupled with BNM’s decision to keep the OPR unchanged. In the US, markets closed higher, driven by optimism about potential tax cuts and a relatively stable economic outlook under President Trump as well as Netflix’s blowout quarterly results. Investors will also access the initial jobless claims later today. In the commodities market, Brent crude oil stayed below the USD80 mark, while gold price traded flat along USD2750 level. Meanwhile, CPO prices have crossed below RM4,200 level.
Sector Focus: With PM Anwar reiterating that Malaysia is still committed to the Paris Agreement despite the US's exit from the climate pact, coupled with Malaysia serving as the ASEAN 2025 chair and various government RE initiatives, we remain optimistic about the Renewable Energy sector. Besides, the upcoming CNY festive season and the commencement of Sumbangan Tunai Rahmah cash payments will benefit the Consumer, Aviation, and Tourism sectors. On the data center theme, we expect a continuation of the rebound this week after last week’s sell-off.
Stocks to watch:
Technology: ADB, *AWANTEC*, CLOUDPT, EG, *RAMSSOL*
Property: *VLB*
Construction: *INTA*
Utility: *PEKAT*
Source: M+
Focus Remains on RE and Data Center Themes
The local bourse continued to close higher, supported by Malaysia’s CPI growth of 1.7% for December (below consensus estimate of 1.8%), coupled with BNM’s decision to keep the OPR unchanged. In the US, markets closed higher, driven by optimism about potential tax cuts and a relatively stable economic outlook under President Trump as well as Netflix’s blowout quarterly results. Investors will also access the initial jobless claims later today. In the commodities market, Brent crude oil stayed below the USD80 mark, while gold price traded flat along USD2750 level. Meanwhile, CPO prices have crossed below RM4,200 level.
Sector Focus: With PM Anwar reiterating that Malaysia is still committed to the Paris Agreement despite the US's exit from the climate pact, coupled with Malaysia serving as the ASEAN 2025 chair and various government RE initiatives, we remain optimistic about the Renewable Energy sector. Besides, the upcoming CNY festive season and the commencement of Sumbangan Tunai Rahmah cash payments will benefit the Consumer, Aviation, and Tourism sectors. On the data center theme, we expect a continuation of the rebound this week after last week’s sell-off.
Stocks to watch:
Technology: ADB, *AWANTEC*, CLOUDPT, EG, *RAMSSOL*
Property: *VLB*
Construction: *INTA*
Utility: *PEKAT*
Source: M+
👍11
M+ Market Wrap - 23Jan25
FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)
In tandem with the regional markets’ selloffs, the FBMKLCI (-0.67%) snapped its 4-days winning streak to close lower at 1577.20 pts, dragged down by the banking heavyweights. All eyes were on the listing of KOPI (+43.5 sen) today, which share price achieved more than 100% intraday gain from the issue price of 44.0 sen, reaching an intraday high of 98.5 sen before closing lower at 87.5 sen. Market breadth was also negative, with 671 losers against 283 winners. In the broader market, all sectors ended negatively except REIT (+0.10%). Meanwhile, the Energy (-1.45%) sector declined the most.
Top 3 Active stocks:
KOPI (0338): RM0.875 (+43.5 sen)
EAH (0154): RM0.010 (+0.5 sen)
CBHB (0339): RM0.370 (+2.0 sen)
Volume: 3.24 bn (100-bar avg vol: 3.00 bn)
Value: RM2.75 bn (100-bar avg val: RM2.77 bn)
Market Breadth: ⬆️283 ⬇️671
Crude palm oil: RM4,183 (-RM25)
Dow Futures: 44,318 pts (-35 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)
In tandem with the regional markets’ selloffs, the FBMKLCI (-0.67%) snapped its 4-days winning streak to close lower at 1577.20 pts, dragged down by the banking heavyweights. All eyes were on the listing of KOPI (+43.5 sen) today, which share price achieved more than 100% intraday gain from the issue price of 44.0 sen, reaching an intraday high of 98.5 sen before closing lower at 87.5 sen. Market breadth was also negative, with 671 losers against 283 winners. In the broader market, all sectors ended negatively except REIT (+0.10%). Meanwhile, the Energy (-1.45%) sector declined the most.
Top 3 Active stocks:
KOPI (0338): RM0.875 (+43.5 sen)
EAH (0154): RM0.010 (+0.5 sen)
CBHB (0339): RM0.370 (+2.0 sen)
Volume: 3.24 bn (100-bar avg vol: 3.00 bn)
Value: RM2.75 bn (100-bar avg val: RM2.77 bn)
Market Breadth: ⬆️283 ⬇️671
Crude palm oil: RM4,183 (-RM25)
Dow Futures: 44,318 pts (-35 pts)
**Source: Bloomberg, M+**
👍3
M+ Morning Market Buzz - 24Jan25
Dow Jones: 44,565.07 pts (+408.34pts, +0.92%)
⬆️ Resistance: 45500
⬇️ Support: 42500
FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 19,700.56 pts (-78.21pts, -0.40%)
⬆️ Resistance: 20700
⬇️ Support: 19100
Crude Palm Oil: RM4,190 (+RM26, +0.62%)
⬆️ Resistance: 4370
⬇️ Support: 4030
Brent Oil: $79.00 (-$1.16, -1.47%)
⬆️ Resistance: 83.60
⬇️ Support: 76.30
Gold: $2,754.87 (-$0.17, -0.01%)
⬆️ Resistance: 2820
⬇️ Support: 2640
Source: Bloomberg, M+
Dow Jones: 44,565.07 pts (+408.34pts, +0.92%)
⬆️ Resistance: 45500
⬇️ Support: 42500
FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 19,700.56 pts (-78.21pts, -0.40%)
⬆️ Resistance: 20700
⬇️ Support: 19100
Crude Palm Oil: RM4,190 (+RM26, +0.62%)
⬆️ Resistance: 4370
⬇️ Support: 4030
Brent Oil: $79.00 (-$1.16, -1.47%)
⬆️ Resistance: 83.60
⬇️ Support: 76.30
Gold: $2,754.87 (-$0.17, -0.01%)
⬆️ Resistance: 2820
⬇️ Support: 2640
Source: Bloomberg, M+
👍3
M+ Market Update – 23Jan25
Renewable Energy Remains On The Radar
The local bourse snapped its 4-days winning streak, with all eyes focusing on KOPI’s IPO surge of more than 100% before closing at 87.5 sen. In the US, markets rose after President Trump’s World Economic Forum speech, where he announced plans to urge OPEC nations to lower oil prices to curb inflation and would then push for further interest rates cut, boosting optimism on Wall Street. Investors will also be monitoring BoJ’s interest rate decision today, whereby BoJ governor had signalled potential rate hikes. In the commodities market, Brent crude oil remains below the USD80 mark following Trump’s speech. Gold price traded flat along USD2750 level, while CPO prices rebounded marginally above the RM4,200 level.
Sector Focus: With YTL and YTLPOWR’s recent plan for bonus warrant issuances, together with YTLPOWR's secured access to Nvidia chips despite US export curbs, we believe that bargain-hunting opportunities will emerge within the YTL-related counters. Meanwhile, we expect the ongoing NETR and LSS projects, coupled with the data center boom are expected to drive higher electricity demand, providing an upside for the Renewable Energy segment. Lastly, given its strong popularity in town, trading interest within the newly listed KOPI is likely to persist.
Stocks to watch:
Utility: BMGREEN, *KENERGY*, *KJTS*, *PEKAT*
Consumer: *FOCUSP*, *GCB*, TEOSENG
Construction: SENDAI, UNIQUE
Logistics: WPRTS
Source: M+
Renewable Energy Remains On The Radar
The local bourse snapped its 4-days winning streak, with all eyes focusing on KOPI’s IPO surge of more than 100% before closing at 87.5 sen. In the US, markets rose after President Trump’s World Economic Forum speech, where he announced plans to urge OPEC nations to lower oil prices to curb inflation and would then push for further interest rates cut, boosting optimism on Wall Street. Investors will also be monitoring BoJ’s interest rate decision today, whereby BoJ governor had signalled potential rate hikes. In the commodities market, Brent crude oil remains below the USD80 mark following Trump’s speech. Gold price traded flat along USD2750 level, while CPO prices rebounded marginally above the RM4,200 level.
Sector Focus: With YTL and YTLPOWR’s recent plan for bonus warrant issuances, together with YTLPOWR's secured access to Nvidia chips despite US export curbs, we believe that bargain-hunting opportunities will emerge within the YTL-related counters. Meanwhile, we expect the ongoing NETR and LSS projects, coupled with the data center boom are expected to drive higher electricity demand, providing an upside for the Renewable Energy segment. Lastly, given its strong popularity in town, trading interest within the newly listed KOPI is likely to persist.
Stocks to watch:
Utility: BMGREEN, *KENERGY*, *KJTS*, *PEKAT*
Consumer: *FOCUSP*, *GCB*, TEOSENG
Construction: SENDAI, UNIQUE
Logistics: WPRTS
Source: M+
👍3
M+ Market Wrap - 24Jan25
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
Despite the upbeat across the regional market, the FBMKLCI (-0.22%) bucked the trend and closed lower at 1573.73 pts, dragged down by YTLPOWR (-44.0 sen) and YTL (-26.0 sen). The YTL-related counters suffered from strong selloffs following the Group’s plan to issue non-tradeable warrants, as investors worry about dilution concerns due to the increase in the share base. The market breadth was also negative, with 654 losers against 314 winners. In the broader market, the Telecommunications & Media (+0.46%) gained the most, led by CDB (+5.0 sen) and MAXIS (+3.0 sen), while Utilities (-2.67%) declined the most due to the selloffs in the YTL-related counters.
Top 3 Active stocks:
KOPI (0338): RM0.850 (-2.5 sen)
YTL (4677): RM2.120 (-26.0 sen)
GAMUDA (5398): RM4.190 (-10.0 sen)
Volume: 3.01 bn (100-bar avg vol: 2.99 bn)
Value: RM3.06 bn (100-bar avg val: RM2.74 bn)
Market Breadth: ⬆️314 ⬇️654
Crude palm oil: RM4,227 (+RM37)
Dow Futures: 44,751 pts (+2 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
Despite the upbeat across the regional market, the FBMKLCI (-0.22%) bucked the trend and closed lower at 1573.73 pts, dragged down by YTLPOWR (-44.0 sen) and YTL (-26.0 sen). The YTL-related counters suffered from strong selloffs following the Group’s plan to issue non-tradeable warrants, as investors worry about dilution concerns due to the increase in the share base. The market breadth was also negative, with 654 losers against 314 winners. In the broader market, the Telecommunications & Media (+0.46%) gained the most, led by CDB (+5.0 sen) and MAXIS (+3.0 sen), while Utilities (-2.67%) declined the most due to the selloffs in the YTL-related counters.
Top 3 Active stocks:
KOPI (0338): RM0.850 (-2.5 sen)
YTL (4677): RM2.120 (-26.0 sen)
GAMUDA (5398): RM4.190 (-10.0 sen)
Volume: 3.01 bn (100-bar avg vol: 2.99 bn)
Value: RM3.06 bn (100-bar avg val: RM2.74 bn)
Market Breadth: ⬆️314 ⬇️654
Crude palm oil: RM4,227 (+RM37)
Dow Futures: 44,751 pts (+2 pts)
**Source: Bloomberg, M+**
👍3
M+ Morning Market Buzz - 27Jan25
Dow Jones: 44,424.25 pts (-140.82pts, -0.32%)
⬆️ Resistance: 45500
⬇️ Support: 42700
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 20,066.19 pts (+365.63pts, +1.86%)
⬆️ Resistance: 20700
⬇️ Support: 19300
Crude Palm Oil: RM4,216 (+RM26, +0.62%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$0.18, -0.23%)
⬆️ Resistance: 82.90
⬇️ Support: 76.10
Gold: $2,770.58 (-$3.18, -0.11%)
⬆️ Resistance: 2850
⬇️ Support: 2640
Source: Bloomberg, M+
Dow Jones: 44,424.25 pts (-140.82pts, -0.32%)
⬆️ Resistance: 45500
⬇️ Support: 42700
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 20,066.19 pts (+365.63pts, +1.86%)
⬆️ Resistance: 20700
⬇️ Support: 19300
Crude Palm Oil: RM4,216 (+RM26, +0.62%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$0.18, -0.23%)
⬆️ Resistance: 82.90
⬇️ Support: 76.10
Gold: $2,770.58 (-$3.18, -0.11%)
⬆️ Resistance: 2850
⬇️ Support: 2640
Source: Bloomberg, M+
👍5
M+ Market Update – 27Jan25
Bargain Hunting May Be Seen In YTL Stocks
The local bourse closed lower, dragged down by sell-offs in YTL-related counters following the issuance of a 1-for-5 non-tradable warrant, which is seen as an inflexible corporate exercise. In the US, Wall Street closed lower ahead of the FOMC meeting, which is expected to provide clarity on the direction of future rate cuts. Traders will closely monitor key economic data, including (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent crude oil remained below USD80, while gold prices closed higher, surpassing the USD2,750. CPO prices traded flat around RM4,200.
Sector Focus: With the proposition of issuing bonus warrants for YTL-related counters, where the exercise price is set at RM2.45 for YTLPOWR, we believe bargain-hunting opportunities will emerge if there is further retracement. Meanwhile, with the recent announcement from the Ministry of Communication, we believe that the 67 identified industrial areas set to be equipped with 5G facilities will benefit companies involved in underground utilities work, at least in the mid-term. Also, we are positive on the ongoing NETR and LSS projects, coupled with the data center boom, which are expected to drive higher electricity demand in the RE segment.
Stocks to watch:
Financial: *ABMB*, *AMBANK*, MAYBANK
Utility: *KENERGY*, *PEKAT*
Technology: *CORAZA*
Consumer: *FOCUSP*
Logistics: WPRTS
Source: M+
Bargain Hunting May Be Seen In YTL Stocks
The local bourse closed lower, dragged down by sell-offs in YTL-related counters following the issuance of a 1-for-5 non-tradable warrant, which is seen as an inflexible corporate exercise. In the US, Wall Street closed lower ahead of the FOMC meeting, which is expected to provide clarity on the direction of future rate cuts. Traders will closely monitor key economic data, including (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent crude oil remained below USD80, while gold prices closed higher, surpassing the USD2,750. CPO prices traded flat around RM4,200.
Sector Focus: With the proposition of issuing bonus warrants for YTL-related counters, where the exercise price is set at RM2.45 for YTLPOWR, we believe bargain-hunting opportunities will emerge if there is further retracement. Meanwhile, with the recent announcement from the Ministry of Communication, we believe that the 67 identified industrial areas set to be equipped with 5G facilities will benefit companies involved in underground utilities work, at least in the mid-term. Also, we are positive on the ongoing NETR and LSS projects, coupled with the data center boom, which are expected to drive higher electricity demand in the RE segment.
Stocks to watch:
Financial: *ABMB*, *AMBANK*, MAYBANK
Utility: *KENERGY*, *PEKAT*
Technology: *CORAZA*
Consumer: *FOCUSP*
Logistics: WPRTS
Source: M+
👍6
M+ Market Wrap - 27Jan25
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+**
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+**
👍3
M+ Morning Market Buzz - 28Jan25
Dow Jones: 44,713.58 pts (+289.33pts, +0.65%)
⬆️ Resistance: 45700
⬇️ Support: 42700
FBM KLCI: 1,558.97 pts (-14.76pts, -0.94%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 20,197.77 pts (+131.58pts, +0.66%)
⬆️ Resistance: 20800
⬇️ Support: 19300
Crude Palm Oil: RM4,218 (-RM6, -0.14%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$1.38, -1.76%)
⬆️ Resistance: 82.10
⬇️ Support: 74.80
Gold: $2,740.81 (-$0.28, -0.01%)
⬆️ Resistance: 2850
⬇️ Support: 2650
Source: Bloomberg, M+
Dow Jones: 44,713.58 pts (+289.33pts, +0.65%)
⬆️ Resistance: 45700
⬇️ Support: 42700
FBM KLCI: 1,558.97 pts (-14.76pts, -0.94%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 20,197.77 pts (+131.58pts, +0.66%)
⬆️ Resistance: 20800
⬇️ Support: 19300
Crude Palm Oil: RM4,218 (-RM6, -0.14%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$1.38, -1.76%)
⬆️ Resistance: 82.10
⬇️ Support: 74.80
Gold: $2,740.81 (-$0.28, -0.01%)
⬆️ Resistance: 2850
⬇️ Support: 2650
Source: Bloomberg, M+
M+ Market Update – 28Jan25
The Reverse Of AI Theme?
The FBMKLCI began the week in negative territory due to the ongoing sell-offs in YTL-related counters, following the Group's plan to issue an inflexible 1-for-5 bonus warrant. Meanwhile, Wall Street closed lower after a low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the premium valuations of technology stocks. Traders will closely watch (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent Crude oil remained below USD80, while gold prices snapped a 5-day winning streak, closing below USD2,740 an ounce. CPO prices traded flat at around RM4,200.
Sector Focus: Mirroring the softer tone of the US market performance, the KLCI is set to open lower. Although gold prices have pulled back, we believe traders may focus on the still-elevated gold price and trade the proxies in the near term amid uncertain environment following the Wall Street sell-off triggered by the rise of DeepSeek. Nevertheless, we believe domestic-themed plays may take the lead, driven by (i) RM9billion tenders for the Penang LRT project, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub.
Stocks to watch:
Utility: *KJTS*, PEKAT
Gold: *AUMAS*
Construction: PRTASCO
Furniture: *SSF*
Healthcare: *KPJ*
Source: M+
The Reverse Of AI Theme?
The FBMKLCI began the week in negative territory due to the ongoing sell-offs in YTL-related counters, following the Group's plan to issue an inflexible 1-for-5 bonus warrant. Meanwhile, Wall Street closed lower after a low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the premium valuations of technology stocks. Traders will closely watch (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent Crude oil remained below USD80, while gold prices snapped a 5-day winning streak, closing below USD2,740 an ounce. CPO prices traded flat at around RM4,200.
Sector Focus: Mirroring the softer tone of the US market performance, the KLCI is set to open lower. Although gold prices have pulled back, we believe traders may focus on the still-elevated gold price and trade the proxies in the near term amid uncertain environment following the Wall Street sell-off triggered by the rise of DeepSeek. Nevertheless, we believe domestic-themed plays may take the lead, driven by (i) RM9billion tenders for the Penang LRT project, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub.
Stocks to watch:
Utility: *KJTS*, PEKAT
Gold: *AUMAS*
Construction: PRTASCO
Furniture: *SSF*
Healthcare: *KPJ*
Source: M+
👍6
M+ Market Wrap - 28Jan25
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
Mirroring the softer tone of the US market performance, the FBMKLCI (-0.40%) closed lower, dragged down by ongoing selling pressure on YTLPOWR (-11.0 sen) and YTL (-3.0 sen), as sentiment weakened after the low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the overstretched valuation of technology stocks. Market breadth was negative, with 537 losers against 372 gainers. In the broader market, the Plantation sector (+1.11%) outperformed, led by SDG (+30.0 sen) and KLK (+26.0 sen), while the Utilities sector (-1.74%) declined the most.
Top 3 Active stocks:
YTLPOWR (6742): RM3.110 (-11.0 sen)
NATGATE (0270): RM1.790 (-9.0 sen)
YTL (4677): RM1.900 (-3.0 sen)
Volume: 2.19 bn (100-bar avg vol: 2.98 bn)
Value: RM2.01 bn (100-bar avg val: RM2.73 bn)
Market Breadth: ⬆️372 ⬇️537
Crude palm oil: RM4,264 (+RM46)
Dow Futures: 44,907 pts (+3 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
Mirroring the softer tone of the US market performance, the FBMKLCI (-0.40%) closed lower, dragged down by ongoing selling pressure on YTLPOWR (-11.0 sen) and YTL (-3.0 sen), as sentiment weakened after the low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the overstretched valuation of technology stocks. Market breadth was negative, with 537 losers against 372 gainers. In the broader market, the Plantation sector (+1.11%) outperformed, led by SDG (+30.0 sen) and KLK (+26.0 sen), while the Utilities sector (-1.74%) declined the most.
Top 3 Active stocks:
YTLPOWR (6742): RM3.110 (-11.0 sen)
NATGATE (0270): RM1.790 (-9.0 sen)
YTL (4677): RM1.900 (-3.0 sen)
Volume: 2.19 bn (100-bar avg vol: 2.98 bn)
Value: RM2.01 bn (100-bar avg val: RM2.73 bn)
Market Breadth: ⬆️372 ⬇️537
Crude palm oil: RM4,264 (+RM46)
Dow Futures: 44,907 pts (+3 pts)
**Source: Bloomberg, M+**
👍3😍2👏1