![MARKET PULSE AM AUG 19, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ050525HR017_1755572499.jpg&w=3840&q=100)
MARKET PULSE AM AUG 19, 2025 [WATCH]
Bursa Malaysia's 30-stock index opened higher, despite Wall Street's mixed performance overnight.
Investors remain concerned over US president Donald Trump's meeting with Zelensky in Washington and are awaiting Federal Reserve Chair Powell's Jackson Hole speech on the rate cut outlook.
The FBM KLCI is expected to extend its bullish momentum today, hovering within the 1,580 to 1,590 range.
In the cryptocurrency market, Bitcoin rose to RM495,244.
Ethereum showed a positive trend, rising to RM18,455, while Solana traded at RM785.
That is it for Market Pulse.
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New Straits Times
13 minutes ago
- New Straits Times
7-Eleven Q2 net profit down 2.6pct on higher expenses
KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd's net profit slipped 2.63 per cent to RM19.96 million in the second quarter ended June 30, 2025 (2Q25) from RM20.5 million a year earlier, weighed down by higher expenses. Revenue, however, rose 7.16 per cent to RM805.59 million from RM751.8 million, driven by new store openings and festive spending during Hari Raya. This was the group's highest quarterly revenue since its RM1.07 billion peak in 2Q23. In a filing with Bursa Malaysia, 7-Eleven said operating expenses climbed 10.6 per cent during the quarter, reflecting longer operating hours and the addition of 58 new stores, bringing its total outlets to 2,651. Selling and distribution costs also increased 14.1 per cent to RM228.3 million from RM200.06 million. For the first half of 2025, net profit declined 8.25 per cent to RM30.59 million from RM33.33 million, despite revenue rising 8.69 per cent to RM1.56 billion from RM1.44 billion. The earnings decline was mainly attributed to higher costs from the group's CAFé by 7-Eleven expansion, which has now grown to more than 700 outlets. On prospects, 7-Eleven said challenges remain, including higher base electricity tariffs in Peninsular Malaysia from July 2025 to December 2027. It noted that the expanded service tax, covering additional sectors such as property rentals, construction, financial services, private healthcare, education and beauty services, would further add to inflationary pressures and weigh on disposable incomes of lower- and middle-income households. "Externally, the implementation of reciprocal US tariffs, coupled with ongoing geopolitical conflicts, has heightened market risks and volatility. "Despite these challenges, the group remains focused on its strategic initiatives that align with prevailing market trends. "With an expected increase in overall consumer spending, the group remains optimistic about delivering a stronger performance in 2025," it said.


The Star
43 minutes ago
- The Star
Sunway Construction posts higher net profit of RM83.9mil in 2Q25
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) posted a higher net profit of RM83.89 million for the second quarter ended June 30, 2025 (2Q 2025), compared with RM38.87 million in the same quarter last year. Revenue for the quarter under review also rose to RM1.48 billion from RM651.2 million previously, driven by a strong construction segment. "Construction segment delivered a strong performance, recording revenue of RM1.43 billion and profit before tax of RM121.4 million, more than double the revenue of RM597.6 million and profit before tax of RM46.9 million reported in the corresponding quarter of the preceding financial year. "The growth was primarily driven by the accelerated progress across several data centre projects, leading to significant revenue recognition and improved profitability,' the company said in a filing with Bursa Malaysia today. For the six-month period ended June 30, 2025, the group recorded a higher net profit of RM159.6 million compared to RM71.3 million in the preceding year, while revenue increased to RM2.88 billion from RM1.26 billion previously, also driven by the construction segment. Currently, SunCon's outstanding order book stands at RM6.72 billion, with RM3.81 billion in new orders secured to date, representing over 60 per cent of the group's 2025 order replenishment target range of RM4.5 billion to RM6.0 billion. It said the Malaysian economy grew by 4.4 per cent in 2Q 2025 (1Q 2025: 4.4 per cent), primarily supported by higher household spending, stronger investment activities, sustained demand for electrical and electronics exports, and robust tourism activity. Meanwhile, the construction sector expanded by 12.1 per cent in 2Q 2025 (1Q 2025: 14.2 per cent), driven by the non-residential, residential and special trade subsectors. On its outlook, SunCon said it will continue to strengthen its position in the Advanced Technology Facilities (ATF) segment, particularly in the data centre space. "We remain committed to delivering these projects with excellence while upholding the highest standards of integrity and transparency. "Backed by our proven track record and technical capabilities, we continue to participate in new tenders from various global technology firms,' it said. Looking ahead, SunCon said the group is also broadening its exposure to other high-potential segments, including large-scale civil and infrastructure projects, renewable energy initiatives, and projects requiring contractor financing or private financial initiatives, leveraging its strong balance sheet. It will also continue to support Sunway Bhd 's development pipeline, which includes hospitals, integrated developments, commercial buildings and transit-oriented developments. - Bernama


New Straits Times
43 minutes ago
- New Straits Times
Sunway Construction posts higher net profit of RM83.9mil in 2Q25
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) posted a higher net profit of RM83.89 million for the second quarter ended June 30, 2025 (2Q 2025), compared with RM38.87 million in the same quarter last year. Revenue for the quarter under review also rose to RM1.48 billion from RM651.2 million previously, driven by a strong construction segment. "Construction segment delivered a strong performance, recording revenue of RM1.43 billion and profit before tax of RM121.4 million, more than double the revenue of RM597.6 million and profit before tax of RM46.9 million reported in the corresponding quarter of the preceding financial year. "The growth was primarily driven by the accelerated progress across several data centre projects, leading to significant revenue recognition and improved profitability," the company said in a filing with Bursa Malaysia today. For the six-month period ended June 30, 2025, the group recorded a higher net profit of RM159.6 million compared to RM71.3 million in the preceding year, while revenue increased to RM2.88 billion from RM1.26 billion previously, also driven by the construction segment. Currently, SunCon's outstanding order book stands at RM6.72 billion, with RM3.81 billion in new orders secured to date, representing over 60 per cent of the group's 2025 order replenishment target range of RM4.5 billion to RM6.0 billion. It said the Malaysian economy grew by 4.4 per cent in 2Q 2025 (1Q 2025: 4.4 per cent), primarily supported by higher household spending, stronger investment activities, sustained demand for electrical and electronics exports, and robust tourism activity. Meanwhile, the construction sector expanded by 12.1 per cent in 2Q 2025 (1Q 2025: 14.2 per cent), driven by the non-residential, residential and special trade subsectors. On its outlook, SunCon said it will continue to strengthen its position in the Advanced Technology Facilities (ATF) segment, particularly in the data centre space. "We remain committed to delivering these projects with excellence while upholding the highest standards of integrity and transparency. "Backed by our proven track record and technical capabilities, we continue to participate in new tenders from various global technology firms," it said. Looking ahead, SunCon said the group is also broadening its exposure to other high-potential segments, including large-scale civil and infrastructure projects, renewable energy initiatives, and projects requiring contractor financing or private financial initiatives, leveraging its strong balance sheet. It will also continue to support Sunway Bhd's development pipeline, which includes hospitals, integrated developments, commercial buildings and transit-oriented developments .