Titan Trading Notes For Friday [24/1/2025]:

$KLCI retraced back towards the 1577 points region with an overall negative market sentiment as we saw over 670 counters closing red for the day today. Daily trading volume settled around the 3.2 billion mark, but unfortunately was dominated by sellers today.

Main stocks that showed strong buying momentum today would be the likes of KOPI, CBHB, YTLPOWR, and SRIDGE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$KOPI / 0338 (ORIENTAL KOPI HOLDINGS BERHAD) was definitely the star performer for the day as it rallied all the way towards the RM 0.985 regions with huge volume and buying momentum today despite the weak market sentiment.

Although it faced some selling pressure around the RM 0.98+ regions which saw it retrace back towards the RM 0.875 regions during closing, overall still looking quite bullish here with RM 0.85+ as the support.

Will be monitoring KOPI closely here.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since retracing back towards the RM 3.65+ main support levels, been able to recover quite well over the past week here despite the shaky market sentiment with good volume and buying momentum.

It even announced that it will be having bonus issue warrants for every 5 shares held. This could serve as a catalyst for the stock to trend back up further as long as able to hold above its RM 3.80_+ main support levels on the daily chart now.

Will be monitoring YTLPOWR closely here.

The overall market sentiment remains choppy here and I expect it to be like that in the coming few weeks as well until we see more positive news to stir up the market. Until then, do trade with caution first and try not to make any overly aggressive trades.