logo
MARKET PULSE AM JULY 7, 2025 [WATCH]

MARKET PULSE AM JULY 7, 2025 [WATCH]

KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
Bursa Malaysia opened lower today as investors stayed cautious ahead of the upcoming tariff deadline on July 9.
The benchmark index is expected to trade within the range of 1,545 to 1,555.
On the most active list, NexG, formerly Datasonic Group, emerged as one of the top movers in early trade.
The stock rose 2.5 per cent to 41 sen, with 18 million shares changing hands.
In the cryptocurrency market, Bitcoin is experiencing a volatile trend as it nears the RM458,794, while Ethereum is easing at RM10,793 and Solana at RM636.
That's it for Market Pulse.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kenanga IB Launches Structured Warrants Linked To Hang Seng Indices On Bursa Malaysia
Kenanga IB Launches Structured Warrants Linked To Hang Seng Indices On Bursa Malaysia

Barnama

time6 hours ago

  • Barnama

Kenanga IB Launches Structured Warrants Linked To Hang Seng Indices On Bursa Malaysia

REGION - CENTRAL > NEWS KUALA LUMPUR, July 7 (Bernama) -- Kenanga Investment Bank Bhd has launched a new suite of structured warrants on Bursa Malaysia today, offering Malaysian investors direct access to global markets through exposure to two of Hong Kong's leading Hang Seng equity benchmarks. The two new structured warrants are the Hang Seng Tech Index (HSTECH) and the Hang Seng China Enterprises Index (HSCEI). The HSTECH comprises the 30 largest technology companies listed in Hong Kong, including giants such as Alibaba, Tencent and Meituan, while the HSCEI captures leading Chinese companies listed in Hong Kong, across the information technology, consumer discretionary, and financial sectors. In essence, this index represents a diversified snapshot of China's economic transformation. bootstrap slideshow Kenanga IB group managing director Datuk Chay Wai Leong said the launch of HSCEI and HSTECH structured warrants marks a pivotal step in its mission to democratise access to global markets. "As Malaysia's leading issuer, Kenanga group remains committed to driving innovation, expanding investor opportunities, and shaping the future of structured warrants. "This initiative reflects our long-term vision to empower a new generation of traders while reinforcing our leadership in the region's capital markets," he said during the launch at Bursa Malaysia today. He added that Kenanga IB warrants achieved a record-breaking 52 per cent market share with a total turnover of RM15.7 billion in 2024. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said that with this issuance, this milestone expands the choices available to Malaysian retail investors, giving them direct exposure to globally recognised companies. "The inclusion of these foreign equities underlying companies enriches the Malaysian market, making investing access more global and relatable," he said at the launch.

Bursa Malaysia opens lower on reciprocal tariff jitters
Bursa Malaysia opens lower on reciprocal tariff jitters

New Straits Times

time6 hours ago

  • New Straits Times

Bursa Malaysia opens lower on reciprocal tariff jitters

KUALA LUMPUR: Bursa Malaysia began the week on a weaker note, mirroring Wall Street's downturn amid growing jitters over the looming July 9 reciprocal tariffs deadline. As of 9.23am, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 0.95 per cent, shedding 14.79 points to 1,535.40 from its previous close of 1,550.19. Across the broader market, decliners outpaced gainers 550 to 80, while 264 counters were unchanged. Malacca Securities said with the US planning to impose restrictions on artificial intelligence (AI) chip exports to Malaysia and Thailand, the local bourse is likely to begin the week on a cautious footing. "Still, the return of foreign funds and the FBM KLCI's undervaluation may cushion the downside risk for now, supported by the data centre theme, domestic-driven plays and anticipation of major infrastructure projects rollout. "We remain bullish on the construction and utility sectors while Real Estate Investment Trusts (Reits) like IGB Reit and Sunway Reit may continue to benefit should Bank Negara Malaysia lower the overnight policy rate in the upcoming monetary policy committee meeting," it added.

FBM KLCI slips in as consolidation continues ahead of tariffs deadline, OPR decision
FBM KLCI slips in as consolidation continues ahead of tariffs deadline, OPR decision

The Star

time6 hours ago

  • The Star

FBM KLCI slips in as consolidation continues ahead of tariffs deadline, OPR decision

KUALA LUMPUR: Moving in a sideways trajectory, the domestic stock market is due for some profit-taking after the previous week's gains, especially as the negotiation period between the US and its trading partners reaches its deadline this week. Bursa Malaysia's benchmark FBM KLCI dropped 5.45 points to 1,544.74 at Monday's open, retracing some of the gains made from foreign inflows into the local market. According to TA Securities, the short-term technical momentum and trend indicators on the FBM KLCI are beginning to flatten, which suggests the index could remain in a consolidation phase this week. "Investor sentiment is likely to stay cautious due to ongoing uncertainty surrounding potential trade negotiations with the US, especially as the July 9 deadline for President Trump's reciprocal tariff pause looms," it said in its market commentary. However, the medium-term signals continue to reflect a bullish undertone, which indicates further upside potential for the FBM KLCI. It added that a resurgence in buying momentum will be essential to catalyse a decisive move towards higher levels. "Immediate resistance remains at 1,564 with the next upside hurdles coming from the recent high of 1,586, followed by 1,610 ahead. Immediate index support is kept at 1,490, with stronger supports found at 1,465 followed by 1,444." Meanwhile, Apex Securities noted the unceratainty surrounding global trade and monetary policy, with major domestic developments to direct the week's trading direction. "Investors are advised to closely monitor the upcoming BNM Monetary Policy Decision on Wednesday, as well as the Industrial Production Index (IPI) data to be released on Friday for further indications of market direction," it said in its outlook. Among the laggards, Gamuda dropped 17 sen to RM4.93, YTL Power fell 22 sen to RM3.90 and Sunway shed nine sen to RM4.81. Top actives were NexG up one sen to 41 sen, NationGate sliding 15 sen to RM1.63 and TWL unchanged at 2.5 sen.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store