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MARKET PULSE AM AUGUST 1, 2025 [WATCH]
Bursa Malaysia's 30-stock index opened higher, supported by improved sentiment following the US' move to reduce tariffs on Malaysian imports.
Malaysia's reciprocal tariff is adjusted from 25 per cent to 19 per cent, hence this might provide support towards the trades on the local front.
The FBM KLCI is expected to hover within the 1,510 to 1,525 range today.
In the cryptocurrency market, Bitcoin fell to RM494,923.
Ethereum showed a negative trend, falling to RM15,802, while Solana traded at RM728.
That is it for Market Pulse.
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KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia ended the trading day higher today, recovering from a subdued morning session, supported by broad-based buying in utility and technology counters. Investors responded positively to reports that several of the region's top chipmakers may get exemptions from the US' proposed tariff on semiconductor imports. The news helped lift tech-linked counters across Asia, including on Bursa Malaysia. The ringgit, meanwhile, strengthened against the US dollar, closing at 4.2270. In cryptocurrencies, the largest digital asset, Bitcoin, slid to RM486,469. Ethereum, however, rose to RM15,698, while Solana stood at RM717. That wraps up today's Market Pulse.
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