MARKET PULSE PM AUG 19, 2025 [WATCH]
Bursa Malaysia extended its uptrend for a second day, closing 0.33pct firmer at 1,590.
Analysts said the momentum remains strong, maintaining their weekly FBM KLCI target at the 1,570 to 1,600 range.
On the local currency front, the ringgit ended lower against the US dollar at 4.2230.
In the cryptocurrency market, Bitcoin remained volatile at RM489,919, while Ethereum stood at RM18,134.
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New Straits Times
3 minutes ago
- New Straits Times
Bursa Malaysia opens slightly lower
KUALA LUMPUR: Bursa Malaysia opened slightly lower today due to mild profit taking in selected heavyweights after recent gains, amid weaker sentiments on the global economic outlook, a dealer said. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.16 points to 1,589.08 from yesterday's close of 1,590.24. The benchmark index opened 2.21 points lower at 1,588.03. Market breadth was negative with decliners leading advancers 166 to 145, while 264 counters were unchanged, 2,019 untraded and 16 suspended. Turnover stood at 123.43 million shares worth RM75.37 million. In a note, Malacca Securities Sdn Bhd expects the FBMKLCI to trade in a lacklustre tone today, tracking Wall Street's weaker overnight performance. "However, buying interest might emerge in domestic-driven consumer-related counters, such as 99SMART and MRDIY, which are expected to benefit from government cash aid and handouts," it said in a note. The brokerage firm said the Wall Street closed mostly lower as investors shifted out of significantly overstretched large-cap tech stocks and moved into small caps and value stocks ahead of the Jackson Hole meeting this Friday. "Traders' focus this week will be on Jerome Powell's speech at the Jackson Hole Symposium, where the market is speculating the United States Federal Reserve to adopt a more dovish tone and potential rate cut in September, with the probability currently at 86.1 per cent," it said. Among heavyweights, Maybank was 3.0 sen higher at RM9.83 and IHH Healthcare added 2.0 sen to RM6.87, while Public Bank slipped 1.0 sen to RM4.45, and both Tenaga Nasional and CIMB fell 2.0 sen each to RM13.70 and RM7.37, respectively. On the actively traded list, Vantris Energy eased half-a-sen to 3.5 sen, Pestec and Magma trimmed 1.0 sen each to 11.5 sen and 37 sen, respectively, while Tanco was flat at 73 sen. On the broader market, the FBM Emas Index shed 9.48 points to 11,802.93, the FBMT 100 Index declined 9.93 points to 11,587.72, the FBM Emas Shariah Index gave up 13.14 points to 11,718.26, and the FBM Mid 70 Index went down 20.95 points to 16,689.02, while the FBM ACE Index earned 0.05 of a point to 4,709.74. By sector, the Financial Services Index reduced 11.09 points to 18,174.41, the Plantation Index improved 3.59 points to 7,550.07, the Energy Index edged down 0.44 of a point to 749.78, and the Industrial Products and Services Index eased 0.12 of a point to 159.
Barnama
18 minutes ago
- Barnama
Bursa Malaysia Opens Slightly Lower
KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia opened slightly lower today due to mild profit taking in selected heavyweights after recent gains, amid weaker sentiments on the global economic outlook, a dealer said. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.16 points to 1,589.08 from yesterday's close of 1,590.24. The benchmark index opened 2.21 points lower at 1,588.03. Market breadth was negative with decliners leading advancers 166 to 145, while 264 counters were unchanged, 2,019 untraded and 16 suspended. Turnover stood at 123.43 million shares worth RM75.37 million. In a note, Malacca Securities Sdn Bhd expects the FBMKLCI to trade in a lacklustre tone today, tracking Wall Street's weaker overnight performance. 'However, buying interest might emerge in domestic-driven consumer-related counters, such as 99SMART and MRDIY, which are expected to benefit from government cash aid and handouts,' it said in a note. The brokerage firm said the Wall Street closed mostly lower as investors shifted out of significantly overstretched large-cap tech stocks and moved into small caps and value stocks ahead of the Jackson Hole meeting this Friday. 'Traders' focus this week will be on Jerome Powell's speech at the Jackson Hole Symposium, where the market is speculating the United States Federal Reserve to adopt a more dovish tone and potential rate cut in September, with the probability currently at 86.1 per cent,' it said.
The Star
33 minutes ago
- The Star
Bursa investors take breather as Wall St stocks fall ahead of Fed summit
KUALA LUMPUR: Investors on Bursa Malaysia are backing off overheated valuations as Wall Street's overnight decline offered them an exit opportunity. There was a broad decline on Wall Street with tech stocks taking the brunt of the selling as investors turned jittery ahead of the Jackson Hole symposium being held this week. The FBM KLCI was down 2.21 points to 1,588.03 as it opened for trading on Wednesday, taking its cue from the US market to cash out of overbought stocks. TA Securities said the overbought technical momentum indicators are likely to lead to profit-taking, capping near-term gains. "This is compounded by investor caution amid ongoing geopolitical tensions surrounding the Russia-Ukraine conflict," it said in its market commentary. According to Rakuten Trade, the FBM KLCI's recent rally was supported by local institutions, which if maintained, could bring the index to re-test the 1,600 target, en route to a 2025 target of 1,630. "As such, we will not be surprised if consensus began to upgrade their respective targets for the KLCI in due course. "For today, we expect the index to trend between the 1,585-1,600 range," said the broker in a note. On the stock market, MPI slid 50 sen to RM22.50, Nestle shed 48 sen to RM87.02 and Dutch Lady dropped 16 sen to 27.70. Of actives, TWL was flat at 2.5 sen, Cape EMS rose one sen to 34 sen and Vantris Energy dropped 0.5 sen to 3.5 sen.
