KUALA LUMPUR, Sept 25 (Bernama) -- Bursa Malaysia ended flat on Friday amid concerns over rising US Treasury yields and escalation in West Asia. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.69 points, or 0.04 per cent, to 1,671.62, from Thursday’s close of 1,672.31. The benchmark index, which opened 2.56 points higher at 1,674.87, moved between 1,666.99 and 1,675.47 during the day. Market breadth was nearly even, with decliners outnumbering gainers 590 to 575. A total of 534 counters were unchanged, while 1,224 were untraded and 43 suspended. Turnover widened to 4.07 billion units worth RM2.69 billion from 3.32 billion units valued at RM2.74 billion on Thursday.
Gapping Up:
- FedEx (FDX.US): Stock surged 8.6% after the company exceeded fiscal Q2 earnings expectations and announced plans to spin off its freight business.
- Eli Lilly and Co (LLY.US): Shares climbed 5.5%, buoyed by increasing confidence in its obesity treatmentscompeting in a high-demand market.
Gapping Down:
- Nike (NKE.US): Shares dropped 7.4% despite strong Q2 results, as the company highlighted guidance concernslinked to "severe issues."
- Novo-Nordisk A/S (NVO.US): Fell 18% after its next-gen obesity drug CagriSema delivered weight loss resultsbelow expectations in a late-stage trial.
- Tesla (TSLA.US): Declined 5%, impacted by a 40.9% drop in European Union registrations in November compared to last year.
- Trump Media & Technology (DJT.US): Slipped 5.5% after an SEC filing revealed Donald Trump transferred his stake in the company into a revocable trust.
- MicroStrategy (MSTR.US): Dropped 7.6%, and Coinbase (COIN.US) fell 6.6%, driven by a sharp decline in Bitcoin prices after recent highs.
Takeaway:
The market remains volatile, with significant movements driven by sector-specific headwinds and broader macroeconomic factors. Investors are closely monitoring performance and guidance adjustments, particularly in tech, retail, and healthcare sectors.
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