KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
📈 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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