KUALA LUMPUR, June 22 (Bernama) -- Bursa Malaysia ended on a softer note today as investors engaged in profit-taking following the recent rebound in the local market, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.65 per cent, or 11.19 points, to 1,700.84 from last Friday's close of 1,712.03. The benchmark index opened 1.56 points lower at 1,710.47 and moved between 1,699.94 and 1,712.32 throughout the trading session. Market breadth was negative, with decliners outnumbering gainers 560 to 481. A total of 608 counters were unchanged, 1,649 untraded, and 14 suspended. Turnover slipped to 3.29 billion units worth RM2.40 billion from 3.45 billion units worth RM3.79 billion on Friday.
1. Key Earnings Reports (AI & Tech Sector Focus)
- NVIDIA (NVDA): Q4 2025 earnings expected this week. Analysts forecast $38.13B in revenue (+72.52% YoY) and $0.80 EPS (+61.83% YoY). AI-driven data center growth remains strong despite geopolitical risks.
- Salesforce (CRM): Reports Wednesday after market close, alongside Snowflake (SNOW) and C3.ai (AI).
- Workday (WDAY): Reports Tuesday.
- Dell Technologies (DELL) & HP Inc (HPQ): Earnings due Thursday after the market close.
- Vistra Energy (VST): Reports Thursday before the market open.
2. Macroeconomic Events: PCE Inflation Data
- The Personal Consumption Expenditure (PCE) index will be released, influencing the Fed's interest rate decision in its March 18-19 meeting.
- Predictions:
- PCE to rise 2.5% YoY (previous: 2.6%).
- Core PCE (excludes food & energy) expected at 2.6% YoY (previous: 2.8%).
- A lower-than-expected PCE could boost markets, while a higher-than-expected result may cause concerns, especially amid inflationary risks from increased tariffs.
3. Market Sentiment & Interest Rate Outlook
- Current expectations from CME FedWatch indicate an equal probability of one or two rate cuts this year.
- Investors will closely watch how the market reacts to the inflation data and AI stock earnings.
Key Takeaways:
📌 Biggest focus: NVIDIA’s earnings & AI sector performance.
📌 Inflation data: A key factor for the Fed's interest rate decision.
📌 Market reaction: Expected volatility based on PCE results & corporate earnings.
Would you like me to highlight specific stocks or trends for investment insights? 🚀📈
Comments
Post a Comment