MARKET PULSE AM MAY 22, 2025 [WATCH]
Bursa Malaysia's 30-stock index opened lower today, mirroring Wall Street's slump amid growing concerns that the new US budget will further strain an already massive deficit.
With no fresh catalysts in sight, the benchmark FBM KLCI is expected to remain in consolidation mode, likely oscillating between the 1,540 to 1,550 range today.
In the cryptocurrency market, Bitcoin rose to RM467,087 as risk sentiment continues to improve after last month's tariff-induced sell-off.
Ethereum showed a positive trend, rising to RM10,988, while Solana traded at RM741.
That's it for Market Pulse.
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New Straits Times
an hour ago
- New Straits Times
Bursa Malaysia ends morning session lower on profit-taking
KUALA LUMPUR: Bursa Malaysia ended the morning session easier, driven by profit taking in selected telecommunications and media, as well as construction counters, amid weaker sentiment in regional markets, said an analyst. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed five points to 1,585.24 from Tuesday's close of 1,590.24. The benchmark index opened 2.21 points lower at 1,588.03 and moved between 1,584.01 and 1,590.39 throughout the morning trading session. The market breadth was negative, with 586 decliners thumping 268 gainers, while 473 counters were unchanged, 1,267 untraded, and 16 suspended. Turnover stood at 1.42 billion units worth RM1.03 billion. Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, said the local benchmark index is expected to hover within the 1,585-1,600 range today, amid cautious global sentiment. "Wall Street ended broadly lower overnight as traders remained focused on the US Federal Reserve's Jackson Hole summit over the next few days. Nonetheless, the sell-down in tech stocks was sharp as many deemed the sector was due to take a breather following a decent rally," he told Bernama today. Among the heavyweight counters, Maybank was flat at RM9.80, IHH Healthcare added three sen to RM6.88, and Tenaga Nasional dropped four sen to RM13.68. Public Bank and CIMB slipped one sen each to RM4.45 and RM7.38, respectively. Among the most active counters, Vantris Energy eased half a sen to 3.5 sen, Zetrix AI trimmed two sen to 3.5 sen, while Tanco and TWL Holdings were flat at 73 sen and 2.5 sen, respectively. Across the broader market, the FBM Emas Index lost 44.50 points to 11,767.91, the FBMT 100 Index declined 45.22 points to 11,552.43, and the FBM Emas Shariah Index went down 59.15 points to 11,672.25. The FBM Mid 70 Index dropped 103.75 points to 16,602.22, and the FBM ACE Index fell 33.79 points to 4,675.90. Sector-wise, the Financial Services Index lost 27.57 points to 18,157.93, the Plantation Index trimmed 27.55 points to 7,518.93, and the Industrial Products and Services Index inched down 0.05 of a point to 159.07. The Energy Index slipped 1.46 points to 748.76.
The Star
2 hours ago
- The Star
FBM KLCI traders take to the sidelines in lead up to corporate earnings, Fed summit
KUALA LUMPUR: The FBM KLCI shed some weight as investors pressed pause on a rally following Wall Street's overnight decline in the lead up to a Federal Reserve summit this week. At 12.30pm, the benchmark index was down five points to 1,585.24, erasing the previous day's gains as investors turned to a wait-and-see approach. The caution on the market was demonstrated by a pullback in all 13 trading sectors, with declining issues dwarfing advancing by a ratio of 2.2-to-1. Trading volume was 1.42 billion shares changing hands for RM1.03bil. Observers are holding their breath for more evidence the Fed was poised to deliver an interest rate cut at next month's policy meeting, which would add fuel to the stock rally. Casting some light on the matter, Fed chair Jerome Powell is expected to make some comments at the Jackson Hole symposium over the next few days. On Bursa Malaysia, there is also growing anticipation over the raft of corporate results that are due to be released this week and next. Stocks on the backfoot included energy and plantation-related plays; PETRONAS Dagangan fell 34 sen to RM22.60, Kuala Lumpur Kepong shed 34 sen to RM19.28 and Gas Malaysia slid 14 sen to RM4.32. Of actives, Vantris Energy dropped 0.5 sen to 3.5 sen, Zetrix slid two sen to RM84.5 sen and Tanco was flat at 73 sen.
Barnama
3 hours ago
- Barnama
Bursa Malaysia Ends Morning Session Lower On Profit-taking
REGION - CENTRAL > NEWS By Zarul Effendi Razali KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia ended the morning session easier, driven by profit taking in selected telecommunications and media, as well as construction counters, amid weaker sentiment in regional markets, said an analyst. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed five points to 1,585.24 from Tuesday's close of 1,590.24. bootstrap slideshow The benchmark index opened 2.21 points lower at 1,588.03 and moved between 1,584.01 and 1,590.39 throughout the morning trading session. The market breadth was negative, with 586 decliners thumping 268 gainers, while 473 counters were unchanged, 1,267 untraded, and 16 suspended. Turnover stood at 1.42 billion units worth RM1.03 billion. Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, said the local benchmark index is expected to hover within the 1,585-1,600 range today, amid cautious global sentiment. 'Wall Street ended broadly lower overnight as traders remained focused on the US Federal Reserve's Jackson Hole summit over the next few days. Nonetheless, the sell-down in tech stocks was sharp as many deemed the sector was due to take a breather following a decent rally,' he told Bernama today. Among the heavyweight counters, Maybank was flat at RM9.80, IHH Healthcare added three sen to RM6.88, and Tenaga Nasional dropped four sen to RM13.68. Public Bank and CIMB slipped one sen each to RM4.45 and RM7.38, respectively.
