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MARKET PULSE AM JULY 4, 2025 [WATCH]
Bursa Malaysia opened slightly higher on Friday, rebounding from the previous day's losses as renewed buying interest in selected heavyweights offset mixed sentiment across regional markets.
The benchmark index dipped just below the 1,550 mark yesterday, likely due to profit-taking activities.
However, strong support was evident around this level, backed by a surge in trading volume that exceeded five billion shares.
As such, the FBM KLCI is expected to hover within the range of 1,545 to 1,555 points today.
In the crypto market, Bitcoin climbed to RM459,420.
Ethereum rose to RM10,886, while Solana was up at RM640.
That's it for Market Pulse.
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The Star
an hour ago
- The Star
FBM KLCI edges higher at midday as market recovers from early dip
KUALA LUMPUR: The local bourse staged a mild recovery by midday, with the FBM KLCI rebounding from early losses despite limited follow-through from Wall Street's record-setting performance. The FBM KLCI rebounded from earlier losses to rise two points, or 0.13%, to 1,550.99, after reaching an intramorning high of 1,551.78. Market breadth was mixed, with 411 gainers and 414 decliners, while 441 counters remained untraded. Trading volume stood at nearly two billion shares, valued at RM1.11 billion. Genting Plantations, the top gainer on Bursa Malaysia, rose 22 sen to RM5.23. Hong Leong Bank added 12 sen to RM19.70, Hong Leong Financial Group gained 10 sen to RM16.56 and Malaysian Pacific Industries climbed 10 sen to RM22.70. Among the losers, Nestle tumbled RM2 to RM78, Dutch Lady eased 46 sen to RM29.22, PETRONAS Dagangan lost 46 sen to RM21.50 and Westports fell 32 sen to RM5.48. TA Securities said the local market is likely to remain in a consolidation phase, weighed down by a lack of strong domestic catalysts and lingering uncertainty over a potential trade deal with the United States. 'Immediate index support is kept at 1,490, with stronger supports found at 1,465 followed by 1,444. 'Immediate resistance remains at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead,' TA said. Meanwhile, Malacca Securities believes the local bourse may trade on a firmer footing for the session. This follows a positive lead from Wall Street, driven by sustained buying interest in tech stocks after the de-escalation of the US-Vietnam trade deal, along with the return of foreign funds over the past week. 'We anticipate the resumption of data center theme could lead to more positive trading activity within the technology and telco sectors, where Telekom Malaysia has recently experienced a breakout move,' it said. Malacca Securities said that for a more conservative play, it favours IGB REIT and Sunway REIT, citing active asset acquisitions and sustained interest in the sector.
New Straits Times
2 hours ago
- New Straits Times
Bursa Malaysia ends morning session mixed
KUALA LUMPUR: Bursa Malaysia ended the morning session mixed as mild profit-taking in selected consumer products and services counters reversed some of the earlier gains, an analyst said. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.0 points to 1,550.99 from Thursday's close of 1,548.99. The benchmark index had earlier opened 1.75 points higher at 1,550.74. The broader market was slightly negative with 414 decliners leading 410 gainers, while 441 counters were unchanged, 1,122 untraded and 21 suspended. Turnover stood at 1.97 billion units worth RM1.11 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local benchmark index is expected to hover within the 1,545-1,555 range today, amid Wall Street closing overnight broadly higher following a stronger-than-expected job report. "Nonfarm payroll rose by 147,000 against the forecast of 110,000. The unemployment rate fell to 4.1 per cent versus the forecast of 4.3 per cent. "On the flipside, the stronger job market may see a delay for the Federal Reserve to cut interest rates, hence the United States (US) 10-year yield jumped to 4.35 per cent," he told Bernama. Among the heavyweights, Maybank and IHH Healthcare were 5.0 sen lower each at RM9.75 and RM6.80, Public Bank gained 5.0 sen to RM4.35, Tenaga Nasional rose 8.0 sen to RM14.10, while CIMB remained unchanged at RM6.79. As for the most active stocks, Borneo Oil was flat at half-a-sen, Zetrix AI added 2.0 sen to 99.5 sen, NexG went up half-a-sen to 39.5 sen, Nationgate edged up 7.0 sen to RM1.74, and UCrest slipped 1.0 sen to 8.5 sen. On the index board, the FBM Emas Index climbed 6.93 points to 11,624.63, the FBMT 100 Index garnered 5.17 points to 11,397.09, and the FBM Emas Shariah Index decreased 4.41 points to 11,633.61. The FBM 70 Index declined 33.88 points to 16,798.65, while the FBM ACE Index went down 22.07 points to 4,505.95. By sector, the Financial Services Index advanced 43.88 points to 17,778.47, the Industrial Products and Services Index edged up 0.58 of a point to 156.59, and the Energy Index fell 0.45 of a point to 743.06, while the Plantation Index trimmed 5.95 points to 7,429.88.
BusinessToday
3 hours ago
- BusinessToday
KLCI Inches Higher At Midday While Broader Market Stays Mixed
Bursa Malaysia's benchmark index edged up at midday on Friday, supported by gains in blue-chip counters, although broader market sentiment remained cautious ahead of key economic data and global developments. As at 12.30pm, the FBM KLCI rose 2.00 points to 1,550.99, after moving between 1,547.70 and 1,551.78 throughout the morning session. The marginal gain of 0.13% kept the index hovering near its recent high, as investors selectively picked up index-linked stocks. In contrast, the FBM 70 slipped 33.88 points to 16,798.65, down 0.20%, while the FBM ACE and small-cap stocks also showed mixed performances. The FBM Emas Shariah Index dipped 0.04% to 11,633.61, weighed down by declines in Shariah-compliant counters, while the broader FBM Emas Index added 6.93 points to 11,624.63. The FTSE4Good Bursa Malaysia Index (F4GBM) gained 0.61 points to 940.70, reflecting modest interest in ESG-aligned stocks amid continued focus on sustainability-themed investing. In terms of actives, Borneo Oil remained the most traded stock with 734.81 million shares unchanged at 0.005 sen. Zetrix rose 2 sen to 99.5 sen with 728.80 million shares done, while Nexgram climbed 0.5 sen to 39.5 sen. Natgate gained 7 sen to RM1.74, while UCrest slipped 1 sen to 8.5 sen. Sentiment remained cautious despite the index's uptick, with investors keeping an eye on global cues including US labour market data and the direction of interest rates. Market activity is expected to stay range-bound heading into the weekend. Related
