MARKET PULSE PM AUG 12, 2025 [WATCH]

19 hours ago

KUALA LUMPUR: News on stock, crypto and ringgit moves.
Bursa Malaysia ended the day higher, building on its morning momentum despite easing in the afternoon session.
An analyst said investors appear to view the market as less volatile, supported by clearer policy direction following gradual progress in US trade talks.
The FBM KLCI closed at 1,567 points.
In the currency market, the ringgit strengthened against the US dollar, ending at 4.2290.
In the cryptocurrency market, Bitcoin was trading around RM401,599, Ethereum at RM18,165, and Solana at RM739.
That wraps up today's Market Pulse.

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Growing risk appetite pushes FBM KLCI over 1% higher

The Star

2 hours ago

The Star

Growing risk appetite pushes FBM KLCI over 1% higher

KUALA LUMPUR: Stocks on Bursa Malaysia soared as the appetite for equities grew amid expectations of the US central bank lowering lending rates as soon as next month. Investors have turned bullish on the market following the 90-day extension of the tariffs truce deadline between the US and China. Coupled with a tame US inflation report, US stocks were given another short in the arm with the S&P500 and Nasdaq hitting fresh records levels. On Bursa Malaysia, the FBM KLCI surged 17.24 points or 1.1% to 1,585.14, extending its rally for a seventh day as stocks broke out of their holding patterns to trade at three-month highs. The rally registered in 12 of the 13 market sectors, with REITs being the only laggards as investors cashed out of the defensive sector in favour of bigger risks. Advancing issues outnumbered decliners 637 to 308 for a ratio of more than 2-to-1. Volume was 1.64 billion shares changing hands for RM1.52bil. Malaysian banks pushed up the index with Maybank rising 12 sen to RM9.83 and CIMB jumping 17 sen to RM7.18. Public Bank rose four sen to RM4.44, RHB gained five sen to RM6.42, AmBank climbed 16 sen to RM5.43 and Hong Leong Bank added 12 sen to RM19.72. In other stocks, Tenaga Nasional put on 22 sen to RM13.80 and IHH rose seven sen to RM6.89.

New Straits Times

3 hours ago

New Straits Times

MARKET PULSE AM AUG 13, 2025 [WATCH]

KUALA LUMPUR: Bursa Malaysia opened higher, tracking Wall Street's strong overnight gains as moderating US inflation boosted hopes for interest rate cuts. The benchmark index is expected to trend within the 1,565 to 1,580 range. The cryptocurrency market, however, showed mixed performance, with Bitcoin trading at RM498,250 . In contrast, Ethereum and Solana surged to RM19,083 and RM808, respectively. That's it for Market Pulse.

Bursa Malaysia opens higher, buoyed by Wall Street rally after softer US inflation data

Malay Mail

4 hours ago

Malay Mail

Bursa Malaysia opens higher, buoyed by Wall Street rally after softer US inflation data

KUALA LUMPUR, Aug 13 — Bursa Malaysia opened higher today, mirroring Wall Street's overnight rally after the latest US consumer price index figure came in slightly below expectations, thus paving the way for a possible Federal Reserve rate cut next month. The US recorded a softer inflation rate of 2.7 per cent in July, below consensus estimates for headline CPI at 2.8 per cent and core CPI at 3.0 per cent for July. At 9.17am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.30 points, or 0.15 per cent, to 1,570.20 from yesterday's close of 1,567.90. The benchmark index had earlier opened 1.17 points firmer at 1,569.07. Market breadth was positive, with advancers leading gainers 286 to 107. A total of 269 counters were unchanged, 1,860 untraded and 18 suspended. Turnover stood at 298.39 million shares worth RM112.24 million. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said overall trading remained lacklustre as traders were mostly side-lined ahead of more economic data and corporate earnings. 'Back home, the FBM KLCI closed firmer but off the day's high, possibly due to profit-taking activities. 'Despite the 30 points gain over the past five days, we regard the local bourse's valuation remains reasonable, hence expect more legs for the index towards the 1,600 level,' he told Bernama. For today, he expects the index to trend within the 1,565-1,580 range. Among the heavyweights, Maybank added 2.0 sen to RM9.73, CIMB perked up 6.0 sen to RM7.07, Public Bank eased 1.0 sen to RM4.39, while Tenaga Nasional and IHH Healthcare were flat at RM13.58 and RM6.82 respectively. On the actively traded list, NexG was 1.0 sen better at 41 sen, Efficient E-Solutions gained 1.5 sen to 12.5 sen, Lotte Chemical Titan increased 2.5 sen to 56.5 sen, while Classita and TWL were flat at 9.5 sen and 2.5 sen respectively. On the broader market, the FBM Emas Index expanded 28.13 points to 11,703.63, the FBMT 100 Index widened by 26.42 points to 11,482.60, the FBM Emas Shariah Index climbed 21.64 points to 11,687.02, the FBM ACE Index picked up 3.07 points to 4,641.21 and the FBM Mid 70 Index jumped 80.44 points to 16,681.08. By sector, the Financial Services Index appreciated 62.95 points to 17,877.60, the Plantation Index bagged 16.16 points to 7,547.97, the Industrial Products and Services Index inched up 0.17 of a point to 160.23, and the Energy Index strengthened by 1.18 points to 739.56. — Bernama