KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
📈 Gapping Up
Pfizer (PFE)
- +2.9%
- Pfizer expects its 2025 profits to align with expectations as it focuses on cost control and debt reductionthrough the sale of non-core assets, rebuilding post COVID-19 sales slump.
Coinbase (COIN) & MicroStrategy (MSTR)
- COIN: +0.8% | MSTR: +0.7%
- Crypto stocks rally on Bitcoin surpassing $107,000, reflecting strong investor sentiment in the crypto market.
SolarEdge Technologies (SEDG)
- +13%
- Upgraded by Goldman Sachs to ‘Buy’ from ‘Sell’, citing 2025 as a turnaround year for the solar energy firm.
📉 Gapping Down
NVIDIA (NVDA)
- -1.6%
- Shares continue to slide, entering correction territory, as recent momentum in chip stocks cools.
Affirm Holdings (AFRM)
- -3.7%
- Shares fell after announcing a $750 million private note offering and plans to repurchase up to $300 million in common stock.
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