MARKET PULSE AM APRIL 30, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
Bursa Malaysia opened higher today, buoyed by Wall Street's strong overnight performance.
The rally was driven by easing US Treasury yields and the White House's softer stance on tariffs, including a planned rollback of the twenty five per cent duty on car-related imports.
Nonetheless, the market undertone is believed to remain strong, underpinned by reasonable valuations.
The index is expected to trend within the 1,510 to 1,525 range today.
In the crypto market, Bitcoin traded lower at RM410,266 as the US jobs report fuelled hopes of an interest rate cut.
Ethereum fell to RM7,830, and Solana was down at RM635.
That's it for Market Pulse.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
8 hours ago
- New Straits Times
Vizione, Permaju Property mutually agree to terminate RM490mil deal
KUALA LUMPUR: Vizione Holdings Bhd has mutually agreed with Permaju Property Sdn Bhd to terminate a previously accepted letter of award (LOA) worth RM490 million effective immediately. In a filing with Bursa Malaysia today, Vizione said the decision came after Permaju opted to re-submit the project's development plans to authorities, prompting both parties to reassess the project's commercial viability. "No work under the LOA had commenced and the company did not incur any material cost since its acceptance on Dec 7, 2023," the company noted. It added that the termination will not have any material impact on its earnings per share or net assets per share. Its shares fell 6.67 per cent or half a sen to seven sen from the previous closing price of 7.5 sen, bringing its market capitalisation to RM36 million.
Focus Malaysia
10 hours ago
- Focus Malaysia
Bursa Malaysia up 0.45% at close as investors welcome US-China trade framework
BURSA Malaysia ended higher on Wednesday, with investors adopting a cautiously optimistic stance following the announcement of a United States–China trade framework agreement, which includes provisions on technology trade. At 5 pm, the FBM KLCI rose 6.89 points, or 0.45 per cent to 1,523.84 from Tuesday's close of 1,516.95. The benchmark index opened 3.91 points higher at 1,520.86 this morning, which was its day's low, and subsequently moved to a high of 1,530.85 in the early session. On the broader market, gainers thumped decliners 545 to 375, while 528 counters were unchanged, 921 untraded and 11 suspended. Turnover soared to 3.27 bil units worth RM2.59 bil compared with yesterday's 2.72 bil units worth RM2.09 bil. —June 11, 2025
New Straits Times
10 hours ago
- New Straits Times
MARKET PULSE PM – JUNE 11, 2025 [WATCH]
Bursa Malaysia ended the day on a positive note, lifted by renewed optimism after reports indicated a preliminary agreement had been reached in US-China trade talks. The FBM KLCI rose by 0.45 per cent, closing at the 1,523 level. Some of the most actively traded stocks on the market included MyEG Services, YTL Corporation, and Gamuda. Meanwhile, the ringgit slipped slightly against the US dollar, finishing at 4.2375. In the cryptocurrency market, sentiment remains cautious amid the US-China review of previous agreements, with Bitcoin trading around RM462,772 and Ethereum hovering near RM11,720. That's it for Market Pulse.
