KUALA LUMPUR, May 12 (Bernama) -- Bursa Malaysia rebounded to close higher on Tuesday amid selective bargain-hunting in blue-chip stocks after closing lower in the last two trading sessions, analysts said. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) strengthened by 5.25 points or 0.30 per cent to 1,750.56 from Monday’s close of 1,745.31. The benchmark index, which opened 3.14 points firmer at 1,748.45, moved between 1,748.45 and 1,755.54 during today’s session. Market breadth was positive, with gainers slightly ahead of losers, 590 to 583. A total of 595 counters were unchanged, 897 untraded, and 11 suspended. Turnover increased to 4.92 billion units worth RM3.59 billion compared with 4.20 billion units worth RM3.17 billion on Monday.
Market Overview
- US equity futures bounced back on Wednesday, as investors shifted focus to Nvidia's highly anticipated Q4 earnings and evaluated the impact of Trump’s evolving trade policies.
- The rebound follows a volatile session, where major indices extended their declines amid concerns over rising tariffs and inflationary risks.
Nvidia Earnings in Focus
- Nvidia (NVDA), a key driver of AI sector growth, is set to report earnings later today.
- Key expectations:
- Revenue surge fueled by AI demand
- Guidance on next-gen GPU launches
- Competition with China's DeepSeek and regulatory challenges
- Investors will assess CEO Jensen Huang's comments on AI infrastructure and potential market risks.
Tech Stock Movers
- Super Micro Computer (SMCI) and Palantir (PLTR) saw pre-market gains, reflecting positive sentiment toward AI-linked stocks.
- Tesla (TSLA) continued its slide, with Elon Musk’s wealth taking a major hit as investor concerns mountover demand and competition.
Trump’s Trade Policies and Market Sentiment
- Markets remain cautious over Trump's proposed tariffs and regulatory shifts.
- Investors are watching for updates on US-China trade relations, which could impact tech stocks and semiconductor supply chains.
- The US dollar and Treasury yields have stabilized after recent declines.
Other Key Market Developments
- Amazon unveils its first quantum computing chip, marking a major step into the AI and cloud computing race.
- Hedge funds face fresh regulatory scrutiny, as global watchdogs monitor leveraged bets on interest rates and bond markets.
- Crude oil prices hold steady, while Bitcoin continues its selloff, trading near three-month lows.
Investor Watchlist
- Nvidia’s earnings call and AI sector outlook
- Federal Reserve commentary on inflation and rate cuts
- Trump’s tariff impact on corporate earnings and global trade
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