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MARKET PULSE AM JULY 15, 2025 [WATCH]
Bursa Malaysia's 30-stock index opened lower amid uncertainty over US President Donald Trump's latest tariff threats to impose higher rates on more countries.
Traders are also monitoring earnings which are expected to be out this week.
The FBM KLCI is expected to remain within a tight trading range of between 1,535 to 1,545.
In the cryptocurrency market, Bitcoin fell to RM501,000 after hitting a record high of over half a million ringgit on Monday as US Congress debates crypto bills.
Ethereum also followed the negative trend, slightly decreasing to RM12,525, while Solana traded at RM677.
That's it for Market Pulse.
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The Star
2 hours ago
- The Star
Bursa Malaysia extends downtrend to close lower
KUALA LUMPUR: Bursa Malaysia closed lower on Wednesday on continuous profit-taking in selected heavyweights led by the financial services and utilities sectors. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 13.90 points or 0.91 per cent to 1,511.50 from Tuesday's close of 1,525.40 The benchmark index opened 1.63 points lower at 1,523.77 and moved between 1,510.14 and 1,526.29 throughout the session. The market breadth was negative, with 727 decliners outpacing 335 gainers and 432 counters unchanged, while 951 were untraded and eight suspended. Turnover improved to 3.18 billion shares worth RM2.44 billion, compared with 3.07 billion shares worth RM2.36 billion on Tuesday UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said telecommunications counters led gains among FBM KLCI constituents, while consumer discretionary names bore the brunt of the sell-off. However, across the broader market, all indices closed in negative territory, reflecting the cautious mood despite recent domestic interest rate cuts, he added. "Adding to the subdued tone, Indonesia's successful negotiation of a 19 per cent tariff rate with the United States (US) further dampened sentiment as Malaysia awaits clarity on its tariff status, currently set at 25%. "This development highlights Malaysia's diminishing competitive edge in regional trade, particularly against Vietnam and Indonesia,' he told Bernama. Mohd Sedek also said market jitters intensified over US President Donald Trump's proposed tariffs on the European Union (EU) and Mexico, stoking concerns that such measures could rekindle inflationary pressures following the stronger consumer price index (CPI) readings. "US headline CPI accelerated to 2.7 per cent year-on-year in June, up from 2.4 per cent in May, prompting investors to reassess expectations for Federal Reserve rate cuts. "A steady flow of negative tariff headlines, coupled with waning hopes for near-term monetary easing in the US, continued to weigh on risk sentiment,' he added. Among the heavyweight counters, Maybank fell 12 sen to RM9.53, Public Bank slipped three sen to RM4.23, Tenaga Nasional shed 22 sen to RM13.68, CIMB lost 13 sen to RM6.50 and IHH Healthcare dropped six sen to RM6.52. In active trade, NexG gained one sen to 48.5 sen, Zetrix AI added two sen to 95 sen, TWL inched up half-a-sen to three sen, while Green Ocean Corporation went down 1.5 sen to 11 sen and Tanco was one sen lower to 89.5 sen. On the index board, the FBM Emas Index declined 105.05 points to 11,371.03, the FBMT 100 Index sank 104.96 points to 11,132.65, and the FBM Emas Shariah Index fell 79.23 points to 11,403.95. The FBM 70 Index dropped 167.01 points to 16,521.39, while the FBM ACE Index went down 5.54 points to 4,582.08. By sector, the Financial Services Index dipped 258.89 points to 17,243.76, the Industrial Products and Services Index shaved 0.76 of a point to 152.63, and the Plantation Index eased 11.63 points to 7,406.79. The Energy Index inched down 3.25 points to 735.67. The Main Market volume retreated to 1.38 billion units worth RM2.11 billion from 1.44 billion units valued at RM2.07 billion on Tuesday. Warrant turnover rose to 1.49 billion units valued at RM213.66 million from 1.28 billion units worth RM172.45 million previously. The ACE Market volume decreased to 304.96 million units valued at RM112.71 million, versus 347.59 million units worth RM122.67 million yesterday. Consumer products and services counters accounted for 206.34 million shares traded on the Main Market; industrial products and services (201.02 million), construction (73.57 million), technology (293.92 million), SPAC (nil), financial services (88.88 million), property (206.53 million), plantation (12.92 million), REITs (21.71 million), closed-end fund (12,600), energy (78.45 million), healthcare (112.27 million), telecommunications and media (33.65 million), transportation and logistics (18.68 million), utilities (30.12 million), and business trusts (51,100). - Bernama


Malaysian Reserve
3 hours ago
- Malaysian Reserve
Bybit Lists SBET, CLSK and BITF, Bringing New TradFi Opportunities to Platform Users
DUBAI, UAE, July 16, 2025 /CNW/ — Bybit, the world's second-largest cryptocurrency exchange by trading volume, is thrilled to announce the listing of three new equities — SharpLink Gaming Ltd. (NASDAQ: SBET), CleanSpark Inc. (NASDAQ: CLSK) and Bitfarms Ltd. (NASDAQ: BITF) — on its TradFi platform, expanding its offerings at the intersection of traditional finance and digital assets. Among the newly listed stocks, SharpLink Gaming Ltd. (SBET) is drawing significant market attention. According to recent media reports, SBET has acquired approximately 74,656 ETH, valued at around $213 million, positioning it among the largest institutional holders of Ethereum. This development has led some analysts to draw comparisons between SBET and MicroStrategy's high-profile Bitcoin strategy, dubbing it 'Ethereum's version of MicroStrategy.' Reports also suggest that over 99.7% of SBET's ETH holdings are currently deployed in staking or re-staking strategies, helping the company generate meaningful on-chain yield since early June. While these figures have not been officially confirmed via regulatory filings, they underscore growing institutional interest in Ethereum as a strategic treasury asset. This listing reflects the accelerating convergence of traditional finance and Web3. SBET's reported allocation into Ethereum demonstrates how traditional companies are exploring digital assets as part of their corporate strategies, offering Bybit users a unique opportunity to engage with one of the most crypto-aligned equities on the market. Bybit users can now access trading for SBET, CLSK and BITF via the platform's TradFi page. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@ For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube


Malaysian Reserve
4 hours ago
- Malaysian Reserve
Tan Chong Motor hits near one-year high, gets UMA query from Bursa
TAN Chong Motor Holdings Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia Securities after its share price soared to its highest level in nearly a year. The stock jumped as much as 25.5 sen or 44% to an intraday high of 83.5 sen today before closing at 79 sen, up 21 sen or 36% for the day, with over 29.6 million shares traded. It was among the top gainers and most actively traded counters on Bursa Malaysia. At the closing price, Tan Chong Motor is valued at RM530.88 million. In its query, Bursa asked the Nissan distributor to clarify whether there are any unannounced corporate developments, negotiations, rumours or reports that could explain the unusual trading activity. The company is also required to confirm compliance with disclosure obligations under listing rules. Last week, Tan Chong announced that its wholly owned unit Tanahku Holding Sdn Bhd is disposing of a 3.194-acre land parcel on Jalan Putra to Avaland Bhd for RM148.8 million. The group said proceeds will be used for working capital and future business opportunities. –TMR