KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended marginally lower on Tuesday as investors engaged in mild profit-taking following the recent rebound in the local market, in line with softer performances across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.60 of a point to 1,682.93 from Monday’s close of 1,683.53. The benchmark index opened 0.11 of a point lower at 1,683.42 and moved between 1,676.94 and 1,684.19 throughout the session. The market breadth was negative, with losers outpacing gainers 577 to 410, while 573 counters were unchanged, 1,091 untraded, and 12 suspended. Turnover edged up to 2.69 billion units valued at RM2.06 billion from 2.68 billion units valued at RM1.69 billion on Monday.
Key Takeaways A single statement from Nvidia "our road map is intact" helped restore confidence across global AI stocks. Technology shares rebounded , with the Nasdaq 100 rising 1.3% as investors viewed Nvidia's comments as reassurance that AI spending remains on track. The AI investment story is shifting from valuation concerns to earnings sustainability. Investors are closely watching upcoming earnings from Samsung and AI infrastructure companies for confirmation that demand remains strong. The next phase of the AI rally will depend less on hype and more on continued capital spending and profit growth. Market Insight Sometimes, a single sentence can move billions of dollars. That was exactly what happened after Nvidia reassured investors that "our road map is intact," responding to concerns over reports of delays involving AI server deployments. The comment quickly eased fears that the AI infrastructure boom might be slowing. Technology stocks rebounded a...