Latest news with #NexG
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New Straits Times
2 days ago
- Business
- New Straits Times
MARKET PULSE PM JULY 23, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia rebounded after a two-day decline, boosted by the IMF's remarks on Malaysia's resilient financial fundamentals and strong position to weather global headwinds. Buying interest strengthened in the technology sector, which rose 1.5 per cent, driven by gains in NexG and Zetrix AI. Meanwhile, the ringgit edged slightly higher to 4.2260 against the US dollar. In the crypto market, Bitcoin tumbled to RM498,999. Other cryptocurrencies also trended downward, with Ethereum trading at RM15,503 and Solana at RM839. That wraps up today's Market Pulse.
New Straits Times
4 days ago
- Business
- New Straits Times
MARKET PULSE PM JULY 21, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia closed the day with marginal movement, reflecting a cautious sentiment amid mixed domestic and regional developments. Among the most actively traded stocks were Sunway Construction, NexG and Pharmaniaga. Meanwhile, the ringgit ended higher against the US dollar, closing at 4.2335. In the cryptocurrency market, Bitcoin is trading around RM498,999, while Ethereum is hovering near RM15,864. Analysts noted that Bitcoin's share of the total cryptocurrency market capitalisation has declined over the past week as altcoins continue to outperform the leading digital asset. This may signal the early stages of an altcoin season, although it is still too early to confirm. That wraps up today's Market Pulse.
The Star
18-07-2025
- Business
- The Star
NexG sets up MyNasional Holdings as AI, data intelligence arm
NexG deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman KUALA LUMPUR: NexG Bhd's new subsidiary, MyNasional Holdings Sdn Bhd, will serve as the group's dedicated artificial intelligence (AI) and data intelligence arm, in line with the Digital Economy Blueprint and the national MyDigital ID roadmap. The group said MyNasional is envisioned to play a critical role in supporting the government's digitalisation agenda by delivering trusted, intelligent, and interoperable digital solutions to both public institutions and private sector ecosystems. "The entity will oversee three key focus areas - digital identity and eKYC (electronic-Know Your Customer) verification, business data and corporate intelligence, as well as AI and smart analytics solutions,' it said in a statement today. Through the establishment of a dedicated unit, MyNasional AI, the group aims to lead the development of transformative, next-generation AI solutions. "These offerings will include behavioural analytics, intelligent screening, public safety prediction, and smart city infrastructure such as automated surveillance, digital traffic control, and data-driven resource optimisation. "As Malaysia progresses toward becoming a digitally connected and AI-enabled nation, MyNasional AI is strategically positioned to support cross-agency digital transformation, while offering scalable models for smart city deployment, public service automation, and even exportable AI solutions for regional use,' it said. NexG deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman said that through MyNasional Holdings, the group is setting the stage for Malaysia's next-generation digital trust infrastructure. "From eKYC to business intelligence to AI innovation, our platforms will deliver real economic impact by accelerating public service transformation, strengthening national digital resilience, and enabling inclusive digital growth for all Malaysians,' he added. - Bernama
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New Straits Times
16-07-2025
- Business
- New Straits Times
MARKET PULSE PM JULY 16, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia ended lower, marking its third straight day of losses in line with Wall Street's downturn. All sector indices on the local bourse closed in the red, reflecting a cautious sentiment across the broader market despite recent domestic interest rate reductions. Technology firms NexG and Zetrix AI were among the most actively traded stocks on the market. The ringgit ended the day lower against the US dollar, closing at 4.2410. In the cryptocurrency market, prices continued their upward trend, with Bitcoin rising to around RM501,887, Ethereum climbing to approximately RM13,380, and Solana reaching about RM702. That wraps up today's Market Pulse.
BusinessToday
14-07-2025
- Business
- BusinessToday
Bursa Stalls At Midday As China Jitters Cloud Sentiment
Bursa remained broadly flat at midday on Monday, with the FBM KLCI inching down 0.44 points to 1,535.63 amid cautious sentiment as investors digested weaker-than-expected economic data out of China and awaited further corporate earnings guidance this week. The benchmark index moved within a narrow range of 1,534.40 to 1,538.08 in the morning session, reflecting muted market participation and mild profit-taking pressure. Broader market indices also showed little movement, with the FBM70 slipping 13.33 points to 16,748.02, while the FBMEMAS and F4GBM eased slightly by 1.94 and 0.26 points respectively. Investor sentiment remained cautious after China's GDP figures released earlier in the day revealed slower-than-expected growth in Q2 2025, raising fresh concerns over regional demand and trade momentum. Market watchers also remained alert to global interest rate trends and potential ripple effects from prolonged monetary tightening in the US. Among actives, NexG led with a gain of 1.5 sen to 46.5 sen on strong volume of over 613 million shares, while Tanco and Wentel each added 0.5 sen and 1.5 sen respectively. ZETRIX, however, slipped 1 sen to 99 sen despite a high trading volume of over 322 million shares. Investors are likely to remain on the sidelines in the second half of the session, with attention turning to local corporate earnings and economic releases later this week, as well as regional developments surrounding China's stimulus outlook and its effect on trade-linked sectors. Trading resumed at 2.30pm. Related
