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MARKET PULSE AM JUNE 12, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
Bursa Malaysia's 30-stock index opened higher despite muted developments in the trade talks between China and the US.
While trade talks are expected to yield favourable outcomes, the market remains cautious, awaiting the ninety-day tariff pause and monitoring inflation and jobs data to gauge the Fed's next move.
The FBM KLCI is expected to trend within the 1,520 and 1,530 range today.
In the cryptocurrency market, Bitcoin saw a downfall, trading at RM459,897.
Ethereum also followed the negative trend, falling to RM11,720, while Solana traded at RM680.
That's it for Market Pulse.
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New Straits Times
42 minutes ago
- New Straits Times
MARKET PULSE AM JUNE 13, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Ping Edge made its debut on the LEAP Market, opening at 24 sen, one sen above its issue price of 23 sen. A total of 55 thousand shares were traded. The FBM KLCI opened lower this morning, reflecting the mixed sentiment across regional markets. The index is anticipated to move within the range of 1,520 to 1,530. The cryptocurrency market is currently on a downward trend, with Bitcoin declining to RM439,015, Ethereum falling to RM10,506, and Solana slipping to RM609. Analysts say there is no definitive reason for the drop, attributing it mainly to profit-taking following the recent price rally. That's it for Market Pulse. B1C7KYBicFk
The Star
an hour ago
- The Star
Bursa Malaysia opens lower, bucking Wall Street gains on weak sentiment
KUALA LUMPUR: Bursa Malaysia opened lower on Friday, bucking overnight gains on Wall Street, as a lack of fresh catalysts and waning risk appetite weighed on investor sentiment. The FBM KLCI fell 8.10 points, or 0.53%, to 1,518.56 at 9:18 AM, after opening 4.15 points lower at 1,522.47. Overnight, the S&P 500 climbed 0.38% to end the session at 6,045.26 points. The Nasdaq gained 0.24% to 19,662.49 points, while the Dow Jones Industrial Average rose 0.24% to 42,967.62 points. On the local bourse, Nestle tumbled 88 sen to RM75.50, Malaysian Pacific Industries slid 74 sen to RM20.28, Carlsberg fell 16 sen to RM19.46 and MISC lost 15 sen to RM7.55. Among the gainers, Hengyuan Refining Co rose 17 sen to RM1.89, Hong Leong Financial Group added eight sen to RM16.72 and Petron Malaysia Refining & Marketing gained 10 sen to RM3.84. Inter-Pacific Research noted that although the FBM KLCI continues to edge higher, market conditions remain largely insipid, lacking strong buying catalysts, as investors await further details on the U.S.-China trade developments. The research house said that until more clarity emerges, the key index may continue to dither and remain largely rangebound. This is due to a lack of fresh leads, compounded by persistently low market interest, despite recent attempts to break above the upper band of the rangebound trend around the 1,525 level. 'Consequently, further upsides could still be a challenge as investor's wait-and-see stance is likely to prevail, which could also see mild bouts of profit taking ahead of the weekend. 'For now, the supports remain at 1,520 and 1,516 points, while the hurdles are at 1,530 and 1,535 points, respectively,' Inter-Pacific said. Meanwhile, Rakuten Trade said the FBM KLCI ended marginally higher on Thursday as selective accumulation on blue chips continues.
Malay Mail
2 hours ago
- Malay Mail
Cautious mood hits Bursa at opening despite US inflation cheer
KUALA LUMPUR, June 13 — Bursa Malaysia opened lower on Friday, retreating from the previous day's gains, weighed down by weak performances across regional markets. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.61 points to 1,521.01 from Thursday's close of 1,526.62. The benchmark index had opened 4.15 points lower at 1,522.47. Market breadth was negative, with 262 decliners outpacing 89 advancers. Another 204 counters were unchanged, while 1,866 were untraded and 17 suspended. Turnover stood at 136.4 million shares worth RM69.83 million. The softer opening came despite a positive close on Wall Street, as investors shrugged off concerns over the impending expiry of the 90-day US-China tariff pause on July 9. Regional markets traded broadly lower. Singapore's Straits Times Index shed 0.41 per cent to 3,906.02, Hong Kong's Hang Seng Index dropped 1.36 per cent to 24,035.38, South Korea's Kospi eased 1.26 per cent to 2,883.35, and Japan's Nikkei 225 declined 1.48 per cent to 37,607.41. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said sentiment remained supported by a cooler-than-expected US Producer Price Index (PPI), which came in slightly below forecast. 'The benchmark index is expected to trend within the 1,520 to 1,530 range today,' he said. Similarly, Public Investment Bank Bhd said the FBM KLCI could have opened higher in line with overnight gains on Wall Street, spurred by another encouraging US inflation reading. Among heavyweight losers, MISC Bhd led the declines, falling 15 sen to RM7.55, followed by YTL Power International Bhd, down six sen to RM3.64. Malayan Banking Bhd and YTL Corp Bhd eased four sen each to RM9.73 and RM2.16, respectively, while Petronas Gas Bhd lost 20 sen to RM17.88. Among the most actively traded stocks, Jaks Resources Bhd was flat at 10 sen, Velesto Energy Bhd edged up half a sen to 18.5 sen, while Astro Malaysia Holdings Bhd slipped half a sen to 18.5 sen. OCR Group Bhd was unchanged at 3.5 sen, and Hibiscus Petroleum Bhd added six sen to RM1.61. On the index board, the FBM Emas Index slipped 40.29 points to 11,404.63, the FBMT 100 Index fell 44.89 points to 11,169.38, and the FBM Emas Shariah Index eased 43.56 points to 11,353.94. The FBM 70 Index shed 80.67 points to 16,421.99, while the FBM ACE Index slipped 24.93 points to 4,499.76. By sector, the Plantation Index rose 14.81 points to 7,208.55, and the Energy Index added 10.35 points to 736.48. The Financial Services Index fell 35.30 points to 17,753.97, while the Industrial Products and Services Index dipped 0.75 of a point to 151.44. — Bernama
