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Market Daily Report: Bursa Malaysia Closes Higher For Fourth Consecutive Session

KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia extended its positive performance, closing higher for a fourth consecutive session, supported by improving local market sentiment underpinned by a firm domestic macroeconomic backdrop. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.59 points, or 0.28 per cent, to 1,648.31, from Monday’s close of 1,643.72. The index had opened 0.95 of a point lower at 1,642.77, and moved between 1,636.50  and 1,648.71 throughout the trading session However, on the broader market, decliners beat gainers 699 versus 408. A further 520 counters were unchanged, 1,149 untraded and 12 suspended. Turnover rose to 2.59 billion units worth RM2.27 billion from 2.50 billion units worth RM2.16 billion on Monday.
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Robinhood Joins S&P 500: A Big Win for US Fintech

Key Takeaway

Robinhood Markets (HOOD.US) is set to replace Caesars Entertainment in the S&P 500 on Sept 22. The move marks a watershed moment for fintech, cementing Robinhood’s transformation from a pandemic-era trading disruptor into one of the most influential players in U.S. financial markets.

What Happened

  • S&P Dow Jones Indices announced that Robinhood will officially join the benchmark before market open on Sept 22.

  • Other additions include AppLovin (APP.US) and Emcor (EME.US), replacing MarketAxess (MKTX.US) and Enphase Energy (ENPH.US).

  • Shares of Robinhood surged 7.3% in after-hours trading on the news.

Why It Matters

  • Index Funds Boost: Inclusion forces passive funds and ETFs tracking the S&P 500 to buy Robinhood shares, creating immediate demand.

  • Credibility Upgrade: Joining the S&P 500 signals financial stability and could draw more institutional investor interest.

  • Fintech Validation: Follows Coinbase’s May addition to the index, underscoring fintech’s growing role in U.S. capital markets.

Robinhood by the Numbers

  • Market cap: US$91.5B (RM386.5B)

  • Stock performance: More than doubled in 2025

  • Extended trading (Sept 5): +7.3%

  • Business model: Known for zero-commission trading and making investing accessible to millions of retail traders.

Market Reaction

  • Robinhood (HOOD.US): +7.3%

  • AppLovin (APP.US): +7%

  • Emcor (EME.US): +2.2%

The Bigger Picture

Robinhood’s rise to the S&P 500 reflects a shift in U.S. market dynamics:

  • Retail-driven trading platforms are now considered mainstream.

  • Institutional players can no longer ignore fintech’s influence.

  • The spotlight is back on Robinhood’s ability to sustain growth beyond meme stock hype.

What to Watch Next

  • How much inflow Robinhood stock gets from index fund buying in September.

  • Whether inclusion helps Robinhood stabilize earnings and broaden its product suite.

  • Investor sentiment toward fintech, with both Robinhood and Coinbase now sitting inside the S&P 500.

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