MARKET PULSE PM JULY 17, 2025 [WATCH]
Bursa Malaysia closed marginally higher today as bargain-hunting emerged after the recent sell-off.
Analysts said the benchmark index must reclaim 1,530 with strong volume to sustain its uptrend.
The index is expected to hover between 1,510 and 1,530 heading into the weekend.
Meanwhile, the ringgit fell against the greenback today to 4.2470.
Bitcoin held steady near RM497,529 ahead of the US House vote on crypto bills.
Ethereum rose to RM14,491, while Solana was up at RM733.
That wraps up today's Market Pulse.
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Malay Mail
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RM1.9t in IPOs: Bursa Malaysia tops SE Asia's capital market surge in H1 2025, says CEO
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Barnama
11 hours ago
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Tariff Uncertainty To Weigh On Bursa Malaysia Next Week
WORLD By Harizah Hanim Mohamed KUALA LUMPUR, July 26 (Bernama) -- The risk of higher United States (US) tariffs on Malaysia as the Aug 1 deadline draws near is likely to weigh on Bursa Malaysia next week, although domestically-oriented counters are expected to remain relatively resilient, supported by firm internal demand and fiscal tailwinds. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said volatility is expected to intensify as markets approach a critical inflection point in global trade policy. 'Domestically-oriented counters on Bursa Malaysia are likely to remain relatively resilient. However, export-driven sectors may continue to face pressure in the absence of a favourable resolution to the tariff negotiations,' he told Bernama. He noted that no formal announcement has been made on the revised US tariff schedule for Malaysia. 'Should Malaysia succeed in securing a rate below the symbolic 20 per cent threshold, we anticipate renewed investor interest, particularly in the manufacturing and electrical and electronics sectors. Until then, most investors are expected to adopt a wait-and-see approach, prioritising capital preservation over risk-taking,' he said. Regionally, market focus is shifting towards renewed US–China trade diplomacy as Chinese Vice Premier He Lifeng is set to lead high-level negotiations in Sweden from July 27–30, ahead of the expiry of the 90-day tariff suspension on Aug 12. 'The outcome will be instrumental in shaping regional trade sentiment and broader market tone heading into August,' Mohd Sedek said. Globally, investor attention remains fixed on a packed US macroeconomic calendar, particularly with the upcoming the Federal Open Market Committee meeting on July 30, the June Personal Consumption Expenditure inflation print and July non-farm payrolls, which will provide important policy signals.
The Star
a day ago
- The Star
UUE expects resilient year despite weaker 1Q
PETALING JAYA: UUE Holdings Bhd earnings for the first quarter ended May 31, 2025 fell to RM1.69mil from RM5.56mil recorded in the same period a year earlier due to weaker topline. In a filing with Bursa Malaysia, the company noted revenue for the quarter fell to RM32.4mil from RM38.96mil in the previous corresponding period due to weaker contributions from its core business segments, namely underground utilities engineering solutions and the manufacturing and trading of high-density polyethylene (HDPE) pipes. Revenue from the underground utilities engineering segment declined to RM28.11mil from RM33.59mil, while the HDPE manufacturing and trading division posted RM4.3mil in revenue, compared with RM5.4mil a year ago. 'The lower revenue was primarily attributable to the slowdown of Singapore projects during the current quarter due to transition to new projects,' the group said. However, UUE noted that new projects in Singapore had commenced and are expected to contribute to revenue in the coming quarters. Looking ahead, UUE remains cautiously optimistic about its performance amid concerns over external factors including the United States' recent tariff hikes on goods from the rest of the world. 'Despite a weaker performance in the current quarter compared to the corresponding quarter, the group expects to maintain resilient performance for the rest of the financial year,' it said. UUE added it would continue to adopt prudent operational and financial strategies to ensure long-term resilience while remaining vigilant to potential market challenges. Basic earnings per share for the quarter amounted to 0.3 sen. No dividend was declared for the quarter.
