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.
Shares of Trump Media & Technology (ticker: DJT) surged on Tuesday, spiking as much as 14.1% to hit a high of $23.97 after the company announced a new partnership with Crypto.com to launch a series of exchange-traded funds (ETFs). The partnership focuses on creating ETFs that feature digital assets and securities, with an emphasis on a "Made in America" approach. Crypto.com will provide the back-end technology and supply the cryptocurrencies for the ETFs, including Bitcoin, Cronos, and other crypto assets.
This jump comes as a much-needed boost for DJT, which had seen its shares slump nearly 40% in 2025, following a surge late last year driven by speculation around President Donald Trump’s return to the White House. DJT had mostly been viewed as a proxy for Trump's political fortunes, and its performance has suffered since his electoral victory was confirmed.
While Bitcoin (BTC) prices remained relatively unchanged, Cronos, the token associated with Crypto.com, soared more than 30% to $0.1072.
In related news, Phunware (PHUN), a mobile advertising technology firm that worked with Trump’s 2020 campaign, also saw a boost, climbing 15.3% to a high of $3.5397—likely benefiting from DJT's rally.
Comments
Post a Comment