MARKET PULSE PM JULY 30, 2025 [WATCH]
Bursa Malaysia ended the day on a positive note, buoyed by a wave of late buying interest, with the benchmark index settling at 1,524 points.
Among the components of the index, petrochemical and telecommunications stocks emerged as the top gainers, whereas banking counters lagged behind, weighed down by the growing divergence in global monetary policies.
As for the local currency, the ringgit extended its weakening trend against the US dollar, closing at 4.2350.
In the cryptocurrency space, Bitcoin is trading around RM501,999, while Ethereum remains flat at RM16,153.
Solana slipped lower to RM765.
That wraps up today's Market Pulse.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
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
Malay Mail
7 hours ago
- Malay Mail
Bursa eyes higher ground next week on US tariff boost, 13MP momentum
KUALA LUMPUR, Aug 2 — Bursa Malaysia is likely to trade higher next week, supported by improved investor sentiment following the reduction in United States (US) tariffs and the upcoming debate on the 13th Malaysia Plan (13MP) during the Parliamentary sitting beginning Aug 4. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research, Mohd Sedek Jantan, said the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade within the 1,545 to 1,555 range. He noted that export-oriented stocks are expected to lead the rebound, with technology counters poised to benefit benefit from both global supply chain repositioning and the country's ongoing digitalisation agenda. 'The 13MP unveiled by the Prime Minister Datuk Seri Anwar Ibrahim on Thursday anchors the medium-term policy around geoeconomic resilience, supply chain realignment, and digital transformation. 'Of particular note is the plan's emphasis on artificial intelligence, which reinforces our constructive view on the long-overdue re-rating of the technology sector,' he told Bernama. Mohd Sedek also noted that recent domestic data supports the case for recovery, highlighting the S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI), which rose for the third consecutive month—from 49.3 in June to 49.7 in July. 'While the index remains just below the expansion threshold, the steady improvement signals ongoing stabilisation in the manufacturing sector,' he said. Furthermore, Malaysian equities remain undervalued compared to regional peers as investors shift their focus to China's July trade data, which is due next Thursday. 'As such, we remain cautiously optimistic that foreign investors will return as net buyers, particularly as they look to diversify away from the overstretched US equity markets. On a weekly basis, the benchmark index eased 0.41 of-a-point to 1,533.35 on Friday from 1,533.76 a week earlier. The FBM Emas Index increased 18.51 points to 11,525.33, the FBMT 100 Index gained 15.91 points to 11,285.63, and the FBM Emas Shariah Index climbed 11.78 points to 11,540.76. The FBM 70 Index increased 106.305 points to 16,607.57 while the FBM ACE Index dropped 14.65 points to 4,624.37. By sector, the Financial Services Index put on 25.97 points to 17,480.2, the Energy Index went up 9.75 points to 749.60, while the Plantation Index decreased 63.82 points to 7,370.97. Weekly turnover expanded to 15.94 billion units worth RM11.88 billion from 11.92 billion units worth RM11.43 billion in the previous week. The Main Market volume swelled to 8.33 billion units valued at RM10.46 billion compared with 6.63 billion units valued at RM9.70 billion previously. Warrants turnover declined to 5.50 billion units worth RM859.03 million from 7.10 billion units worth RM1.15 billion in the preceding week. The ACE Market volume improved to 2.10 billion units valued at RM561.51 million versus 1.68 billion units valued at RM577.05 million a week ago. — Bernama
