Bursa Malaysia ends lower, tracks regional losses on trade jitters
The market tracked weakness across Asia as investors awaited a final decision from United States President Donald Trump on pending trade deals.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.65 points, or 0.82%, to 1,537.54, down from last Friday's close of 1,550.19.
The benchmark opened 5.45 points lower at 1,544.74 and touched an intraday low of 1,534.67 in early trade.
Market breadth was negative, with 754 decliners outpacing 260 gainers. A total of 466 counters were unchanged, while 944 were untraded and 19 suspended.
Turnover rose to 3.57 billion shares worth RM2.49 billion, compared with 3.43 billion shares worth RM2.47 billion on Friday. – July 7, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
10 hours ago
- Malaysian Reserve
Malaysia leads Southeast Asia IPO performance in first half of year
KUALA LUMPUR — Despite broader regional challenges, Malaysia leads Southeast Asia's initial public offering (IPO) performance in the first half of the year, Deloitte data showed, reported Xinhua. The firm said in a recent report that Malaysia recorded approximately 48 per cent year-on-year increase in the number of listings to 32, with IPO amount raised increasing by approximately 109 per cent to US$940 million, along with a corresponding uptick in total IPO market capitalisation by approximately 165 per cent to US$4.04 billion. 'The IPO outlook in Malaysia remains optimistic for the remainder of 2025, with 32 listings recorded as of June 30, 2025, putting Bursa Malaysia on track toward its full year target of 60 listings,' said Deloitte Malaysia Transactions Accounting Support Partner Wong Kar Choon. However, he noted the recent US trade tariffs and geopolitical tension have introduced uncertainty, and he foresees that there could be an impact to the IPO market. According to him, this situation may lead to cautious investor sentiments as investors may adopt a more cautious approach and favour less risky assets during this uncertain period. Additionally, he opined that companies may delay their IPO plans, especially for export-driven companies that is affected by supply chain disruptions and cost pressures. He also anticipates that the consumer industry with well-established brand names will continue to be the cornerstone of Malaysia's economic landscape and are poised to leverage their strong market presence to tap on the IPO capital market opportunities. Overall, the Southeast Asia IPO capital market remained resilient in the first half of 2025. It saw 53 IPOs, with over US$1.4 billion in IPO proceeds raised and an IPO market capitalisation of US$7.7 billion as compared to the first half of 2024, which saw 67 IPOs, just under US$1.4 billion in IPO proceeds and IPO market capitalisation of US$5.8 billion. This represents a 3 per cent increase in IPO amount raised and an increase of 33 per cent in IPO market capitalisation, despite a 21 per cent decrease in the number of IPOs across Southeast Asia, compared to the first half of 2024. — BERNAMA-XINHUA
The Star
11 hours ago
- The Star
In a show of unity against Trump, Brazil and India vow to triple trade flows
As US President Donald Trump revved up his tariff threat against Brics, Brazil and India responded with a show of unity as they vowed to triple bilateral trade during Indian Prime Minister Narendra Modi's state visit to Brasilia on Tuesday. Describing the US dollar as the 'king', Trump on Tuesday claimed that Brics was set up to hurt the US and 'degenerate' the dollar. He added that Brics nations, including India and Brazil, would 'have to pay 10 per cent if they're in Brics'. Cancel anytime. Ad-free. Full access to Web and App. RM 13.90/month RM 9.73 /month Billed as RM 9.73 for the 1st month, RM 13.90 thereafter. RM 12.39/month RM 8.63 /month Billed as RM 103.60 for the 1st year, RM 148 thereafter.
The Star
11 hours ago
- The Star
Malaysia leads South-East Asia IPO performance in first half of year
KUALA LUMPUR (Xinhua): Despite broader regional challenges, Malaysia leads Southeast Asia's initial public offering (IPO) performance in the first half, Deloitte data showed. The firm said in a recent report that Malaysia recorded approximately 48 per cent year-on-year increase in the number of listings to 32, with the IPO amount raised increasing by approximately 109 per cent to US$940 million, along with a corresponding uptick in total IPO market capitalization by approximately 165 per cent to US$4.04 billion. "The IPO outlook in Malaysia remains optimistic for the remainder of 2025, with 32 listings recorded as of 30 June 2025, putting Bursa Malaysia on track toward its full year target of 60 listings," said Deloitte Malaysia Transactions Accounting Support Partner Wong Kar Choon. However, he noted the recent U.S. trade tariffs and geopolitical tension have introduced uncertainty, and he foresees that there could be an impact on the IPO market. According to him, this situation may lead to cautious investor sentiments as investors may adopt a more cautious approach and favor less risky assets during this uncertain period. Additionally, he opined that companies may delay their IPO plans, especially for export-driven companies that is affected by supply chain disruptions and cost pressures. He also anticipates that the consumer industry with well-established brand names will continue to be the cornerstone of Malaysia's economic landscape and is poised to leverage its strong market presence to tap into the IPO capital market opportunities. Overall, the South-East Asia IPO capital market remained resilient in the first half of 2025. It saw 53 IPOs, with over US$1.4 billion in IPO proceeds raised and an IPO market capitalisation of US$7.7 billion as compared to the first half of 2024, which saw 67 IPOs, just under US$1.4 billion in IPO proceeds and IPO market capitalisation of US$5.8 billion. This represents a 3 per cent increase in IPO amount raised and an increase of 33 per cent in IPO market capitalization, despite a 21 per cent decrease in the number of IPOs across Southeast Asia, compared to the first half of 2024. - Xinhua
