MARKET PULSE PM MAY 28, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves.
Bursa Malaysia closed lower today, pressured by selling activity amid cautious market sentiment as investors await key US economic data releases later this week.
The FBM KLCI was unable to sustain an early recovery attempt despite Wall Street's strong overnight rally.
Meanwhile, the ringgit strengthened against the US dollar at 4.2240.
In the crypto market, Bitcoin continued its downtrend, falling to RM461,836.
Ethereum slipped to RM11,179, while Solana declined to RM736.
That wraps up today's Market Pulse.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
![MARKET PULSE AM MAY 30, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ20250206EZ_%25282%2529_%25285%2529_%25281%2529_1748574024.jpg&w=3840&q=100)
![MARKET PULSE AM MAY 30, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
36 minutes ago
- New Straits Times
MARKET PULSE AM MAY 30, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened higher today, taking its cue from Wall Street's strong overnight performance. However, market uncertainties are expected to persist following Trump's success in reinstating the tariff through an appeals court ruling. The index is expected to trend within the 1,510 to 1,525 range for today. In the crypto market, Bitcoin fell to RM448,180 as Fed minutes flag US inflation risks. Ethereum was trading lower at RM10,998, and Solana was down at RM693. That's it for Market Pulse.
The Star
an hour ago
- The Star
Bursa stays uninspired on final day of results season
KUALA LUMPUR: The sluggish sentiment on Malaysia's stock market continued on Friday, with the earnings announcements of the past week doing little to halt the corrective pressure. While the FBM KLCI gained 2.24 points to 1,521.22 at the start of the day's trading, the weak momentum indicates the index could yet close in the red, ending the week on a five-day losing streak. There was some buying interest on Wall Street overnight, bolstered by forecast-beating earnings from the likes of Nvidia, although the ongoing confusion over the legal validity of US President Donald Trump's trade tariffs weighed on sentiment. The US rally has done little to spur the interest of Malaysian investors given the absence of fresh domestic leads, especially as the corporate earnings season comes to an end this week with little fanfare. According to Rakuten Trade, the recent sell-down on the local market could be attributed to the flight of funds back to the Hong Kong market, which has been on a tear on hopes of easing trade tension. "For today, we expect bargain hunting activities to emerge if and when the index ease closer to the 1,500 mark thus anticipate it to trend between the 1,510-1,525 range," said the broker in a note. Companies that announced their earnings in after-trading hours yesterday include KPJ down 18 sen to RM2.78, MPI falling 16 sen to RM19.70 and Genting dropping 11 sen to RM3.02. Egg and poultry producer Leong Hup rose 0.5 sen to 61.5 sen while sector rival QL Resources dropped two sen to RM4.52. On the actives list, Velesto was unchanged at 18.5 sen, Nationgate jumped six sen to RM1.50 and Eco-shop rose five sen to RM1.24. Trading ideas: SunCon, Vestland, PeterLabs, TWL, UEM Edgenta, IJM, Genting, Carlsberg, KPJ, QL, Farm Fresh, IHH, LHI
The Sun
an hour ago
- The Sun
Bursa Malaysia opens higher, tracks positive Wall Street performance
KUALA LUMPUR: Bursa Malaysia opened higher on renewed buying interest, tracking positive overnight performance on Wall Street, said an analyst. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.28 of a point to 1,519.26 from Thursday's close of 1,518.98. The benchmark index opened 2.24 points higher at 1,521.22. In the broader market, decliners beat gainers 223 to 112, while 243 counters were unchanged, 1,816 untraded and 86 suspended. Turnover stood at 181.05 million units worth RM112.83 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market sentiment remains uncertain following US President Donald Trump's success in reinstating tariffs through a US appeals court ruling, which may eventually be taken to the Supreme Court to halt the original federal court decision. 'Amid the ongoing tariff uncertainty, the US 10-year Treasury yield eased to 4.426 per cent,' he told Bernama. Thong noted that foreign outflows have exceeded RM330 million this week alone and continue to rise. 'Though fundamentals remain intact, we suspect the recent sell-off may again be due to a flight of funds back to the Hong Kong market 'For today, we expect bargain hunting activities to emerge if and when the index eases closer to the 1,500 mark, thus anticipate it to trend between the 1,510-1,525 range,' he added. Among heavyweights, Maybank and CIMB were flat at RM9.87 and RM6.88 respectively, while Public Bank gained two sen to RM4.33. Tenaga shed four sen to RM14.04, and IHH Healthcare dropped eight sen to RM6.83. In active trade, Velesto, SM Track and TA Win were flat at 18.5 sen, one sen and two sen, respectively. Nationgate went up nine sen to RM1.53, while Dagang Nexchange inched down half-a-sen to 29 sen. On the index board, the FBM Emas Index trimmed 17.49 points to 11,364.84, the FBMT 100 Index fell 17.26 points to 11,124.76, and the FBM ACE Index decreased 10.02 points to 4,582.14. The FBM Emas Shariah Index lost 33.19 points to 11,332.64, while the FBM 70 Index sank 101.64 points to 16,230.66. By sector, the Financial Services Index added 26.67 points to 17,921.24, the Industrial Products and Services Index edged up 0.04 of a point to 153.06, the Energy Index eased 0.53 of a point to 707.65, while the Plantation Index shaved 1.41 points to 7,292.54.
