Global Markets Overview
Wall Street closed higher despite Trump’s renewed tariff threats.
Dow +0.20% to 44,459.65
Nasdaq +0.27% to 20,640.33
S&P 500 +0.14% to 6,268.56
US 10-year yield: 4.437%
China exports beat expectations (+5.8% YoY vs. 3.6% forecast) boosted Hong Kong sentiment.
Hang Seng Index (HSI) +0.26% to 24,203.32
Shanghai (SHCOMP) +0.27% to 3,519.65
Nikkei 225 -0.28% to 39,459.62
Singapore STI +0.52% to 4,109.21
Bursa Malaysia (FBM KLCI)
KLCI: +0.09% to 1,537.51 (up 1.44 pts)
Top performing sectors:
Energy (+1.32%)
Telecommunications (+1.19%)
Healthcare (+0.99%)
Lagging sectors:
Utilities (-0.29%)
Plantations (-0.22%)
Property (-0.16%)
Market Breadth:
514 losers vs. 432 gainers
Volume: 2.93B shares
Value traded: RM1.67B
Outlook:
Sideways trend likely to continue
Expected range: 1,535 – 1,545
OPR cut hasn’t shown impact yet, but market velocity expected to improve
Key Corporate Headlines
Capital A x KTMB
Signed MOU to integrate flights & trains
Includes bundled ticketing, cargo (Teleport + KTMB Kargo) and loyalty points integration
MOU valid for 12 months
Ramssol
Disposing 40% stake in Rider Gate for RM25M
Pintaras Jaya
Converts RM60M intercompany loan to equity in subsidiary (PMSB)
Strengthens capital base, removes debt
Solid Automotive
Acquires spare parts company (SG) for RM6M
Expansion into automotive aftermarket
Flexidynamic
Diversifies into gamma sterilisation business
Acquiring 51% of Gammatech for RM16.1M
iCents Group
Posted RM1.8M net profit in 3QFY6/25
ACE Market listing on July 17
Growth driven by cleanroom demand from E&E and pharma sectors
Final Takeaway
The market stayed flat but supported by positive regional cues. Focus remains on tariff headlines and Q2 earnings. Domestically, corporate actions in transport, energy, and tech diversification show healthy capital flows and consolidation efforts.
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