MARKET PULSE PM AUG 6, 2025 [WATCH]
Bursa Malaysia ended the day in positive territory, recovering from earlier losses after trading under pressure for most of the day.
Gains in consumer and healthcare counters led a late rebound, reflecting the domestic market's resilience in the face of external headwinds.
Conversely, the ringgit weakened to 4.2310 against the US dollar.
In the crypto market, Bitcoin jumped to RM484,861.
Ethereum followed suit, rising to RM15,433, while Solana remained flat at RM697.
That wraps up today's Market Pulse.
764BWjON198
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
an hour ago
- New Straits Times
Malaysia's Islamic capital market hits RM2.56 trillion
KUALA LUMPUR: Malaysia's Islamic capital market stood at RM2.56 trillion as at end-April 2025, making up 63 per cent of the country's total capital market ofRM4.04 trillion, according to Bursa Malaysia chief executive officer Datuk Fad'l Mohamed. He said the country's Islamic capital market remains amongst the most developed globally, anchored by robust regulation, a credible syariah framework and a diverse base of issuers and investors. Fad'l added that syariah-compliant investments continued to dominate, with syariah market capitalisation reaching RM1.3 trillion, accounting for 66.1 per cent of the total market cap as at end-July. Meanwhile, syariah-compliant average daily trading value (ADV) reached RM1.6 billion or 64.4 per cent of the overall ADV of RM2.4 billion. So far, a total of 860 or 81 per cent out of 1,065 Bursa-listed companies were syariah-compliant. "These are not merely statistics but a testament to the importance and continued relevance of syariah investing in driving market participation and long-term value creation," Fad'l said in his speech at the Invest Shariah Conference 2025. Globally, 80 per cent of the Islamic finance industry assets remain concentrated in five markets, namely Iran, Saudi Arabia, Malaysia, the United Arab Emirates and Kuwait. Fad'l said global Islamic finance assets surpassed US$5 trillion in 2024, up 12 per cent from 2023 and a 43 per cent increase since 2020. He said the industry is projected to reach US$7.5 trillion by 2028, reflecting rising demand for syariah-compliant finance across markets and asset classes. "Islamic finance is fast asserting its global prominence, reshaping how markets align financial returns with ethical values. "As investor expectations shift, Malaysia must strengthen its position through broader offerings, deeper connectivity and inclusive digital access," he added. Beyond equities, he said Malaysia's sukuk market is both mature and evolving, with applications now extending to environment, social and governance (ESG)-linked issuances, sovereign mandates and structured infrastructure financing. However, he said past successes cannot guarantee future relevance. "Leadership must be renewed through stronger cross-border linkages, broader product offerings and digital infrastructure that enables greater inclusion and accessibility," he added. Fad'l said the future of Islamic finance will not be shaped by scale alone, but by its ability to adapt, lead and deliver impact.
![MARKET PULSE AM AUG 7, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ150125HR016_%25284%2529_1754535619.jpg&w=3840&q=100)
New Straits Times
2 hours ago
- New Straits Times
MARKET PULSE AM AUG 7, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened on a positive note, following Wall Street's upbeat sentiment driven by Apple's additional investments, despite concerns over a possible 100pct tariff on imported semiconductors. The local bourse is anticipated to trade within the range of 1,535 to 1,545. Pharmaniaga was among the most actively traded stocks on the market today after announcing the completion of its PN17 regularisation plan. The stock declined by five per cent to 17 and a half sen, with 21 million shares changing hands. In the cryptocurrency market, Bitcoin is trading around RM486,159, while Ethereum remains elevated at RM15,599. That's it for Market Pulse. kzn0vMj5nCw
New Straits Times
2 hours ago
- New Straits Times
Dollar holds losses on US economy concerns, Fed appointments
TOKYO: The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into key US institutions. Initial jobless claims in the United States are under scrutiny after last week's disappointing nonfarm payrolls, which triggered a slide in the greenback. Meanwhile, the euro found support ahead of anticipated talks next week to end the war between Russia and Ukraine. Last week, President Donald Trump fired the official responsible for the labour data he did not like, and focus is centring on his nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank. "All those things suggest that we're seeing those political risks around the US dollar increase, and on top of that you've got the weak data coming through," said Tony Sycamore, a market analyst at IG. Any progress in ending the war in Ukraine "is going to be a positive driver of the euro," he added. The dollar index, which measures the greenback against a basket of major peers, edged up 0.1 per cent to 98.259 in early trade in Asia, after a 0.6 per cent slide in the previous session. The US currency was little changed at 147.36 yen. The euro stood at US$1.1654, down almost 0.1 per cent after a 0.7 per cent jump previously. The US Labor Department is expected to report that initial claims for unemployment benefits likely rose by 3,000 to 221,000 for the week ended August 2. Continued jobless claims for the week that ended July 26 are expected to increase slightly. Data last Friday showed US employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was revised down considerably, suggesting a sharp deterioration in labour market conditions. Fed funds futures traders are now pricing in a 94 per cent probability of a 25 basis point cut at the Fed's September meeting, up from 48 per cent a week ago, according to the CME Group's FedWatch Tool. In total, traders see 60.5 basis points in cuts this year. Trump could meet Russian leader Vladimir Putin as soon as next week, a White House official said on Wednesday, as the US kept up pressure on Moscow to end the war in Ukraine. The president said on Tuesday he would decide on a nominee to replace outgoing Fed Governor Adriana Kugler by the end of the week and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list of four. Sterling was steady at US$1.33505. The Australian dollar was little changed at US$0.65. Bitcoin edged 0.1 per cent lower to US$115,038.79.
