MARKET PULSE AM JUNE 24, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
Bursa Malaysia opened slightly lower on Tuesday, as investor sentiment remained cautious despite overnight gains on Wall Street.
Global shares rallied and the US dollar extended losses after President Donald Trump announced a ceasefire between Iran and Israel, easing some geopolitical tensions.
Back home, the FBM KLCI is expected to trend within the 1,510 to 1,530 range today.
In the crypto market, Bitcoin climbed to RM448,879.
Ethereum rose to RM10,280, while Solana was up at RM613.
That's it for Market Pulse.

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Malay Mail
39 minutes ago
- Malay Mail
Bursa Malaysia, subsidiaries to shut June 27 for Awal Muharram, trading resumes June 30
KUALA LUMPUR, June 24 — Bursa Malaysia Bhd and its subsidiaries will be closed on June 27, 2025, in conjunction with the national public holiday to mark the beginning of the Islamic New Year. In a statement today, Bursa Malaysia said the exchange and its subsidiaries would resume operations on June 30, 2025 (Monday). It added that the Bursa Gold Dinar primary marketplace and Bursa Suq Al-Sila' will remain open for trading during the public holiday. — Bernama

The Star
an hour ago
- The Star
MAS staying vigilant on Middle East situation, will revise flights if needed
PETALING JAYA: Any operational adjustments involving Middle East airspace, such as flight rerouting or suspensions, will be implemented if deemed necessary, says Malaysia Airlines. The national carrier said all its flights are subject to ongoing risk assessments in light of current regional tensions impacting parts of the Middle East airspace. 'The airline remains guided by the International Civil Aviation Organization (ICAO) and other global aviation authorities to ensure the safety of airspace used in its operations,' it said in a statement on Tuesday (June 24). It also said all flight routes are evaluated using real-time intelligence, global security reports, Notice to Airmen, and continuous surveillance via the airline's Satcom-enabled flight monitoring system. 'Malaysia Airlines remains vigilant and will implement any necessary operational adjustments, including rerouting or suspensions, should the situation require. 'The safety of passengers and crew remains the airline's utmost priority,' the statement read. This comes as the Iran-Israel conflict has continued for over a week. On June 13, Israel launched a series of strikes on Iranian territory. In retaliation, Iran fired ballistic missiles at several locations in Israel, resulting in multiple casualties and injuries. On Sunday (June 22), the United States struck three nuclear facilities in Iran. US President Donald Trump said on Monday (June 23) that Iran and Israel had agreed to a ceasefire. However, the BBC quoted Iranian state media as saying that the country had fired a "last round of missiles" towards Israel earlier Tuesday as the appointed time for the ceasefire loomed.

Malay Mail
2 hours ago
- Malay Mail
Dollar slumps in broad risk rally after Trump announces Israel-Iran ceasefire
SINGAPORE, June 24 — The US dollar fell today while its Australian and New Zealand counterparts rose after President Donald Trump announced a ceasefire between Israel and Iran, in news that sent investors cheering and sparked a risk rally across markets. Trump announced a complete ceasefire between Israel and Iran, potentially ending the 12-day conflict that led millions of people to flee Tehran and prompted fears of further escalation in the war-torn region. But there was no confirmation from Israel, and the Israeli military said Iran launched waves of missiles today just hours after the announcement. Trump later said the ceasefire 'is now in effect' and urged both countries to not violate it. The risk-sensitive Aussie got a lift and last traded 0.5 per cent higher at US$0.6493 (RM2.76) as did the kiwi, which rose 0.55 per cent to US$0.6009. Israel's shekel rallied sharply too, jumping 1 per cent against the dollar to its strongest level since February 2023. 'It's obviously positive news for risk sentiment,' said Rodrigo Catril, senior currency strategist at National Australia Bank, of the announced ceasefire. 'We need to obviously have a bit more detail in terms of exactly what all this means... I suppose it will be the conditions of the ceasefire, and what are the conditions for a more longer-lasting peace deal.' The dollar, which last week drew support from safe-haven demand, fell broadly in the wake of the news. Against the yen, the greenback was down 0.47 per cent at 145.45 . The euro rose 0.23 per cent to US$1.1605 and sterling advanced 0.27 per cent to US$1.3564. The yen and euro benefited from a slide in oil prices as both the EU and Japan rely heavily on imports of oil and liquefied natural gas, while the United States is a net exporter. Adding to headwinds for the dollar were dovish comments from Federal Reserve policymaker Michelle Bowman, who said the US central bank should consider interest rate cuts soon. Bowman's openness to cutting rates soon is supported by Fed Governor Christopher Waller, who said in a television interview last week that he would also consider a rate cut at next month's meeting. Against a basket of currencies, the dollar was slightly lower at 98.12, extending its more than 0.5 per cent decline in the previous session. Fed Chair Jerome Powell is due to testify before the US Congress today and tomorrow, where focus will be on the outlook for US rates. 'There appears to be increasing division among the ranks of the Fed board ahead of Fed Chair Powell's testimony,' said Tony Sycamore, a market analyst at IG. 'The chance of a July rate cut... is still underpriced. I think it should be higher than that.' Markets are now pricing in close to a 23 per cent chance the Fed could ease rates in July, up from 14.5 per cent a day ago, according to the CME FedWatch tool. In cryptocurrencies, bitcoin rose more than 1 per cent to US$105,155.52, while ether jumped 2.7 per cent to US$2,412.54, in a reflection of the positive risk sentiment. — Reuters per cent