MARKET PULSE AM MAY 22, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
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
2 hours ago
- New Straits Times
Bursa holds gains at lunch break despite softer market sentiment
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory, though the tone remained soft due to mixed regional performances, with buying interest expected to shift towards fundamentally strong companies. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.08 points to 1,521.49, from Monday's close of 1,519.41. The benchmark index opened 0.30 points higher at 1,519.71, and subsequently fluctuated between 1,517.74 and 1,522.30 throughout the session. Advancers edged ahead of decliners at 384 versus 381 on the broader market, while a total of 466 counters were unchanged, 1,138 untraded and 11 suspended. Turnover stood at 1.79 billion units, valued at RM883.18 million. Malacca Securities Sdn Bhd said the local bourse is expected to see subdued trading, as investors' attention may shift to fundamentally strong companies. Wall Street is expected to focus on the United States-China trade talks, which have driven modest gains in equities as officials hinted at progress ahead of the resumption of negotiations on Tuesday. "As the market factors a rate-cut environment, Real Estate Investment Trusts could attract interest due to their healthy yields of over four per cent," it said in a research note today. Among the heavyweights, 99 Speed Mart added nine sen to RM2.19, Axiata was six sen better at RM2.09, Public Bank rose two sen to RM4.28 and Telekom Malaysia added nine sen to RM6.65, while MR DIY and Press Metal bagged three sen each to RM1.64 and RM5.03, respectively. As for the most active stocks, MYEG, Harvest Miracle and NEXG were all flat at 94.5 sen, 18 sen and 37 sen, respectively, while Tanco lost 2.5 sen to 96.5 sen. On the index board, the FBM Emas Index added 24.54 points to 11,417.73, the FBMT 100 Index gained 24.84 points to 11,183.31, and the FBM Emas Shariah Index climbed 30.60 points to 11,394.64. The FBM 70 Index advanced 74.24 points to 16,483.55, while the FBM ACE Index erased 5.83 points to 4,506.30. Sector-wise, the Energy Index gained 1.19 points to 722.05, and the Industrial Products and Services Index perked up 0.12 of a point to 152.46. Meanwhile, the Financial Services Index eased 3.35 points to 17,728.85 and the Plantation Index declined 13.21 points to 7,235.62.
Malay Mail
2 hours ago
- Malay Mail
Bursa holds gains at lunch break despite softer market sentiment
KUALA LUMPUR, June 10 — Bursa Malaysia ended the morning trading session in positive territory, though the tone remained soft due to mixed regional performances, with buying interest expected to shift towards fundamentally strong companies. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.08 points to 1,521.49, from Monday's close of 1,519.41. The benchmark index opened 0.30 points higher at 1,519.71, and subsequently fluctuated between 1,517.74 and 1,522.30 throughout the session. Advancers edged ahead of decliners at 384 versus 381 on the broader market, while a total of 466 counters were unchanged, 1,138 untraded and 11 suspended. Turnover stood at 1.79 billion units, valued at RM883.18 million. Malacca Securities Sdn Bhd said the local bourse is expected to see subdued trading, as investors' attention may shift to fundamentally strong companies. Wall Street is expected to focus on the United States-China trade talks, which have driven modest gains in equities as officials hinted at progress ahead of the resumption of negotiations on Tuesday. 'As the market factors a rate-cut environment, Real Estate Investment Trusts could attract interest due to their healthy yields of over four per cent,' it said in a research note today. Among the heavyweights, 99 Speed Mart added nine sen to RM2.19, Axiata was six sen better at RM2.09, Public Bank rose two sen to RM4.28 and Telekom Malaysia added nine sen to RM6.65, while MR DIY and Press Metal bagged three sen each to RM1.64 and RM5.03, respectively. As for the most active stocks, MYEG, Harvest Miracle and NEXG were all flat at 94.5 sen, 18 sen and 37 sen, respectively, while Tanco lost 2.5 sen to 96.5 sen. On the index board, the FBM Emas Index added 24.54 points to 11,417.73, the FBMT 100 Index gained 24.84 points to 11,183.31, and the FBM Emas Shariah Index climbed 30.60 points to 11,394.64. The FBM 70 Index advanced 74.24 points to 16,483.55, while the FBM ACE Index erased 5.83 points to 4,506.30. Sector-wise, the Energy Index gained 1.19 points to 722.05, and the Industrial Products and Services Index perked up 0.12 of a point to 152.46. Meanwhile, the Financial Services Index eased 3.35 points to 17,728.85 and the Plantation Index declined 13.21 points to 7,235.62. — Bernama
The Star
2 hours ago
- The Star
FBM KLCI holds steady as selective buying supports market
KUALA LUMPUR: The FBM KLCI held firm through the morning session, supported by selective buying interest amid cautious sentiment and ongoing US-China trade uncertainty. The FBM KLCI gained traction through the morning session, rising 2.08 points, or 0.14%, to 1,521.49 at the midday break after touching an intra-morning high of 1,522.30. Winners and losers were closely balanced, with 384 gainers against 382 losers and 466 that were flat. Volume was 1.8 billion shares, valued at RM883.3mil. Hong Leong Investment Bank Research said the FBM KLCI may continue to trend sideways with an upward bias, following a positive phone call between Trump and Xi last week and the start of the second round of US-China trade talks, which are set to continue for a second day in London today. That said, sentiment remains cautious amid foreign outflows, uncertainty over the US-Malaysia tariff deal, and June's typically weak performance. Global trade concerns, economic headwinds, and potential local subsidy cuts in 2H25 also weigh on the outlook. Meanwhile, Malacca Securities expects the local bourse to trade softer, with investors focusing on fundamentally strong companies for buying opportunities. 'We favour Inta Bina, supported by its strong ties to major developers like Gamuda. Meanwhile, as the market factors a rate-cut environment, REITs could attract interest due to their healthy yields of over ~4%. 'We believe Sunway REIT presents a decent opportunity, in view of the recent breakout and its uptrend intact share price movements,' it said. Malaysian Pacific Industries led the gainers, rising 32 sen to RM21.22, followed by Nestle, which climbed 26 sen to RM76. Heineken added 18 sen to RM26.98, while PPB Group gained 10 sen to RM11.08. On the downside, Ayer slid 40 sen to RM7.20, Hong Leong Bank dropped 18 sen to RM19.52, Southern Acids lost 17 sen to RM2.93, and SHL Consolidated eased nine sen to RM2.15. Newly listed Paradigm-REIT edged up one sen, or 1%, to RM1.01 with 26.51 million shares traded, making it one of the most active counters on Bursa Malaysia.
