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MARKET PULSE AM JUNE 25, 2025 [WATCH]

MARKET PULSE AM JUNE 25, 2025 [WATCH]

KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
NexG was the most actively traded stock of the day, gaining two per cent or one sen to reach 36.5 sen, with 11 million shares changing hands during early trading.
Bursa Malaysia opened higher, taking cues from Wall Street's positive performance as investors remained hopeful that the fragile ceasefire between Israel and Iran would hold.
The benchmark index is expected to trade within the 1,510 to 1,530 range for the day.
In the cryptocurrency market, Bitcoin is experiencing volatility, trading lower at RM449,822, while Ethereum also dipped, trading at RM10,285.
Solana is currently priced at RM616.
That's it for Market Pulse.
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Felda free to steer FGV post-delisting: PM Anwar
Felda free to steer FGV post-delisting: PM Anwar

The Sun

timean hour 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

Bursa eyes higher ground next week on US tariff boost, 13MP momentum
Bursa eyes higher ground next week on US tariff boost, 13MP momentum

Malay Mail

time3 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

Settlers to benefit from Felda's majority stake in FGV
Settlers to benefit from Felda's majority stake in FGV

New Straits Times

time5 hours ago

  • New Straits Times

Settlers to benefit from Felda's majority stake in FGV

KUALA LUMPUR: The Federal Land Development Authority's (Felda) acquisition of a majority stake in FGV Holdings Bhd (FGV) will pave the way for full ownership and restructuring of the company, and Felda settlers will stand to benefit from the profits, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Speaking to reporters after attending the Felda Settlers' Appreciation Ceremony here today, he noted that the Pahang and Sabah state governments have also become shareholders in FGV following the company's delisting from the Main Market of Bursa Malaysia. He said the full acquisition process will be finalised by Bursa Malaysia, and the profits thereof will be channelled to the settlers. 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 closes, which falls on Aug 15. – BERNAMA

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