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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New Straits Times
an hour ago
- New Straits Times
MARKET PULSE AM JULY 28, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia's 30-stock index opened higher following Wall Street's positive performances. The market sentiment is expected to remain on a positive tone, underscored by solid earnings results and positive trade developments, as United States President Donald Trump indicated that more deals may be done before the Aug 1 deadline. The FBM KLCI is expected to remain within a range of between 1,530 and 1,540. In the cryptocurrency market, Bitcoin rose to RM501,590. Ethereum showed a positive trend, rising to RM16,225, while Solana traded at RM796. That's it for Market Pulse.
Malaysian Reserve
2 hours ago
- Malaysian Reserve
Wall Street rally lifts Bursa at open
BURSA MALAYSIA rebounded from last week's losses to open higher on Monday, tracking overnight gains on Wall Street. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.03 points, or 0.26 per cent, to 1,537.79 from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05. Market breadth was positive, with gainers outpacing losers 224 to 133. A total of 293 counters were unchanged, 1,904 untraded, and 43 suspended. Turnover stood at 182.48 million shares worth RM110.09 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed broadly higher, supported by strong United States (US) corporate earnings and positive trade signals, as President Donald Trump indicated more deals could be finalised before the Aug 1 deadline. Regionally, he noted that Hong Kong's Hang Seng Index slipped on profit-taking after a five-day rally. 'Back home, we believe the market is taking a breather and is poised to resume its climb. As such, we expect the index to hover within the 1,530–1,540 range today,' he told Bernama. Among the heavyweights, Maybank rose four sen to RM9.58, Public Bank added one sen to RM4.30, CIMB and IHH Healthcare gained two sen each to RM6.77 and RM6.68 respectively, while Tenaga Nasional slipped four sen to RM13.56. On the actively traded list, YTL Corporation advanced eight sen to RM2.56, Sapura Energy edged up half-a-sen to four sen, Ekovest improved one sen to 41 sen, while NexG and TWL Holdings were flat at 52.5 sen and 2.5 sen respectively. On the broader index board, the FBM Emas Index rose 30.82 points to 11,537.64, the FBMT 100 Index gained 29.54 points to 11,299.26, and the FBM Emas Shariah Index added 21.54 points to 11,550.49. The FBM 70 Index was 43.30 points higher at 16,650.87, while the FBM ACE Index inched up 4.64 points to 4,643.66. Sector-wise, the Financial Services Index climbed 44.89 points to 17,499.12, the Industrial Products and Services Index added 0.28 of a point to 157.42, and the Energy Index rose 0.13 of a point to 739.98. The Plantation Index, however, slipped 4.36 points to 7,430.43. — BERNAMA
New Straits Times
2 hours ago
- New Straits Times
Wall Street rally lifts Bursa at open
KUALA LUMPUR: Bursa Malaysia rebounded from last week's losses to open higher on Monday, taking its cue from overnight gains on Wall Street. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.03 points, or 0.26 per cent, to 1,537.79 from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05. Market breadth was positive, with 224 gainers leading 133 losers. Another 293 counters were unchanged, 1,904 untraded, and 43 suspended. Turnover totalled 182.48 million shares worth RM110.09 million.
