Bursa Opens Lower, Traders Adopt Wait-and-see Approach Ahead Of 2Q GDP Announcement
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 15 (Bernama) -- Bursa Malaysia opened marginally lower today as traders adopted a wait-and-see approach amid cautious sentiment ahead of the second quarter 2025 (2Q 2025) gross domestic product (GDP) announcement later today.
The announcement will deliver the first substantive read-through on the economic drag arising from recent United States (US) tariff announcements.
At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.51 of a point to 1,580.54 from yesterday's close of 1,581.05.
The benchmark index opened 0.70 of a point firmer at 1,581.75.
However, the market breadth was positive, with advancers leading decliners 110 to 108. A total of 231 counters were unchanged, 2,123 untraded and seven suspended.
Turnover stood at 83.43 million shares worth RM36.44 million.
UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said that historically, the GDP growth has been anchored by private consumption averaging around 49 per cent of nominal GDP and private investment at approximately 23 per cent.
'Should either of these core pillars fall materially below their long-run averages -- particularly if private investment remains near its recent 18.5 per cent level -- it could undermine investor confidence and heighten risk aversion in domestic markets,' he told Bernama.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
27 minutes ago
- Barnama
Pahang Introduces Malaysia's First Prebiotic Rice
TEMERLOH, Aug 16 (Bernama) -- Pahang has become the first state in Malaysia to produce prebiotic rice, marketed under the brand name Beras Pahang. Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the rice differs from other local varieties as it offers multiple benefits. 'Beras Pahang has its uniqueness. It is a prebiotic rice, low in sugar, and suitable for those with diabetes. 'It has already entered the market in limited quantities. For now, we are prioritising sales in Pahang before distribution in other states,' he told reporters after opening the Pahang Mini MAHA 2025 at Dataran Temerloh here today. Cultivated in the Ganchong paddy fields in Pekan, the rice is said to be tastier, more fragrant and softer, while its prebiotic content supports digestion and overall bowel health. At the event, Beras Pahang was offered at RM8 per kilogramme. Commenting on the inaugural Pahang Mini MAHA 2025, Wan Rosdy said it will be held at different locations each year following an overwhelming response, with over 80,000 visitors recorded today. Meanwhile, citing the Malaysian Agriculture Census interim report released by the Department of Statistics Malaysia, he said Pahang has proven its capability as the country's second-largest contributor to the agriculture sector, after Johor, with sales worth RM25.12 billion. Of that amount, he said 88 per cent came from the crop subsector, proving Pahang's fertile land and the hardworking spirit of its people.
Barnama
2 hours ago
- Barnama
4,000 Join CIMB ASEAN Cultural Night Run 2025 On Penang Second Bridge
GEORGE TOWN, Aug 16 (Bernama) -- With nearly 4,000 participants, the CIMB ASEAN Cultural Night Run 2025 (CIMB ACNR 2025) stood as a symbol of unity, healthy living and the celebration of ASEAN culture, says Works Minister Datuk Seri Alexander Nanta Linggi. He said the run, which marked its fourth edition, took place in a lively atmosphere on the Penang Second Bridge tonight, in conjunction with Malaysia's ASEAN chairmanship. 'The prestigious event was organised by the Malaysian Highway Authority (LLM) and Koperasi LLM Berhad, with the involvement of the Works Ministry (KKR) in supporting the ASEAN chairmanship agenda, with CIMB Bank as the main sponsor.
The Sun
3 hours ago
- The Sun
Perlis Connect boosts digital literacy and local entrepreneurship
PADANG BESAR: The 'Perlis Connect' programme was held here to expand digital literacy and empower local entrepreneurs. Organised by the Malaysian Communications and Multimedia Commission (MCMC) and Bernama, the event featured interactive initiatives. Key activities included an information session on international roaming services and cybersecurity under the Safe Internet Campaign (KIS). The MCMC NEXUS application was also demonstrated to showcase digital advancements. Local entrepreneurs from the National Information Dissemination Centre (NADI) exhibited and sold their products. 'This programme aims to expand digital awareness and support the local innovation ecosystem,' said a joint statement by MCMC and Bernama. The event also featured an MCMC Complaints Counter for public reports and inquiries on communication services. Bernama amplified the event through live interviews, news coverage, and broadcasts from its Mobile Studio. The Raja Muda of Perlis, Tuanku Syed Faizuddin Putra Jamalullail, officiated the programme. Also present were Perlis State Legislative Assembly speaker Rus'sele Eizan and Communications Ministry secretary-general Datuk Seri Mohamad Fauzi Md Isa. MCMC commission member Gen (Rtd) Tan Sri Zulkifeli Mohd Zin and Bernama CEO Datin Paduka Nur-ul Afida Kamaludin attended the event. - Bernama
