MARKET PULSE PM AUG 1, 2025 [WATCH]
Bursa Malaysia ended on a positive note, supported by renewed investor confidence after the White House announced reduced tariffs on Malaysian exports.
Following the tariff clarity, the FBM KLCI is anticipated to trade within the range of 1,545 to 1,555 points next week, driven by clearer investor outlook.
Meanwhile, the ringgit weakened against the US dollar, closing at 4.2780.
In the cryptocurrency market, a downtrend was observed. Bitcoin slipped to RM494,244, while Ethereum traded lower at RM15,579.
Solana also declined, trading at RM721.
That wraps up today's Market Pulse.

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The Sun
3 hours ago
- The Sun
US tariff cut benefits Malaysia SMEs, says Penang CM Chow
GEORGE TOWN: The tariff reduction for Malaysia, from 25 per cent to 19 per cent, is seen as a good step forward and comes as a positive achievement and a relief for many, said Penang Chief Minister Chow Kon Yeow. The chief minister said that small and medium enterprises (SMEs) might remain exposed in the new tariff environment, and hoped that the Ministry of Investment, Trade and Industry (MITI) would continue negotiating for better deals for these businesses. 'We hope MITI will continue negotiating better deals and prepare for the possible impact, especially on our small and medium industries (SMEs), who may be more exposed in this new environment,' he told reporters at the GBS By The Sea launching ceremony in Bayan Lepas here, today. Chow said that the current exemptions remained in place for now, but expects the situation to become clearer by the end of the year. He highlighted that Penang accounted for about 55 per cent of Malaysia's electrical and electronics (E&E) exports, highlighting the state's vital contribution to the national economy and reinforcing the urgency for strategic trade negotiations. It was reported earlier that the US would impose a reduced 19 per cent tariff on Malaysian imports, effective Aug 1, 2025. On July 7, Washington announced a 25 per cent tariff on all Malaysian products entering the US, in addition to existing sectoral tariffs, effective Aug 1 this year. This figure was one percentage point higher than the tariff rate announced in April. Meanwhile, on the Penang-Perak water project, Chow said negotiations with the Perak state authority would commence soon. 'We are working pretty well. Negotiations with Perak will begin very soon, followed by the implementation of the project. The target is by 2030 to 2031,' he said. Chow added that the additional water supply would be crucial for supporting the Penang Development Corporation (PDC)'s efforts to open new areas for industrial development. The chief minister also highlighted that Penang remained on a strong growth trajectory, driven by positive investment sentiment, including both new investments and expansions. 'We are currently focused on expanding our industrial parks. Recently, I announced that we have sufficient industrial land for the next five years. 'But sometimes, we may speak too soon. When one or two large investors come in with big land requirements, we have to work even harder to ensure the land is ready,' he said. - Bernama


Free Malaysia Today
3 hours ago
- Free Malaysia Today
FGV delisting process to begin on Aug 28, says Anwar
Prime Minister Anwar Ibrahim at the 3D Mega Carnival for rural entrepreneurs and Felda settlers in Kuala Lumpur today. (Bernama pic) KUALA LUMPUR : Felda can begin to independently determine the direction of FGV Holdings Bhd after the company's delisting from Bursa Malaysia, which will begin on Aug 28, said Prime Minister Anwar Ibrahim. He said Felda, its cooperative and settlers, could then fully focus on the agency's original mission of safeguarding the rights, returns, and interests of the settlers. 'We can proceed with the delisting starting Aug 28. This means Felda is no longer bound. It can decide its own direction and provide assurances to the Felda Cooperative so that the benefits and interests of the settlers remain the top priority,' he said at an event here today. Anwar said he and Felda chairman Ahmad Shabery Cheek and colleagues would ensure Felda receives clear guidance from the government to make sure FGV returns to Felda's original mission. FGV informed Bursa Malaysia on Tuesday that Felda had acquired 91.73% of the company's total issued shares. FGV's shares are expected to be suspended from trading five market days after the offer for all remaining shares closes on Aug 15.


The Sun
6 hours ago
- The Sun
Felda free to steer FGV post-delisting: PM Anwar
KUALA LUMPUR: The Federal Land Development Authority (Felda) can begin to independently determine FGV Holdings Bhd's direction once the company completes its delisting process from Bursa Malaysia, which will commence on Aug 28, said Prime Minister Datuk Seri Anwar Ibrahim. The Prime Minister said that this move will enable Felda, together with its cooperative and settlers, to fully focus on the agency's original mission of safeguarding the rights, returns, and interests of the settlers. 'We can proceed with the delisting starting Aug 28. This means Felda is no longer bound. Felda is a strength and can decide its own direction and provide assurances to the Federal Land Development Authority Malaysia Cooperative (KPF) so that the benefits and interests of the settlers remain the top priority. 'As soon as this matter is settled, I, together with Felda chairman Datuk Seri Ahmad Shabery Cheek and colleagues, will ensure clear guidance from the government -- namely, to make sure FGV returns to Felda's original mission,' he said during the launch of the Mega 3D Carnival (MK3D) 2025 here today. Anwar added that the delisting of FGV is a result of Felda's efficient management, and the focus now must be on ensuring that Felda's projects are implemented smoothly in line with the settlers' needs. Earlier, the media reported that Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi announced that Felda now holds 92 per cent of the shares in FGV, paving the way for full ownership and restructuring of the company. In a filing with Bursa Malaysia on Tuesday, FGV announced that Felda has acquired 91.73 per cent of FGV's total issued shares. FGV's shares are expected to be suspended from trading five market days after the offer for all remaining shares closes on Aug 15. - Bernama