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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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Wall Street Today: Major Indexes Slip as Apple, Nvidia Retreat; Tesla Shines

 Index Performance

U.S. equities fell for a second straight session on Wednesday, dragged lower by weakness in Apple and Nvidia, even as Tesla provided some relief.

  • Dow Jones Industrial Average (DJIA): -154.75 points (-0.4%) to 46,121.28

  • Nasdaq Composite: -75.62 points (-0.3%) to 22,497.86

  • S&P 500: -18.95 points (-0.28%) to 6,637.97

The pullback comes just two days after all three benchmarks set fresh records on Monday.

Magnificent Seven Mixed

Among the market’s most influential stocks:

  • Apple (AAPL) fell 0.83%

  • Nvidia (NVDA) slipped 0.82%

  • Alphabet (GOOGL) dropped 1.8%

  • Amazon (AMZN) eased 0.2%

By contrast, Tesla (TSLA) jumped 4%, buoyed by a 25.3% weekly rise in European registrations, a positive sign after months of softer sales in the region. Meta Platforms (META) rose 0.7%, while Microsoft (MSFT) edged up 0.2%.

Standout Movers

Gainers:

  • Lithium Americas (LAC) surged 95.8% after reports that the Trump administration is considering a 10% government stake in its Nevada lithium mine project.

  • Opendoor Technologies (OPEN) rallied 16.1% as U.S. new-home sales for August jumped 15.4% YoY, hitting a 3.5-year high.

  • IREN Ltd (IREN) climbed 12.9% after Bernstein raised its target price to $75 from $20, citing strength in its green-powered data centers.

  • Intel (INTC) gained 6.4% on news of potential investment talks with Apple, following last week’s disclosure of a $5 billion Nvidia stake.

Decliners:

  • Bloom Energy (BE) tumbled 10.6% after Jefferies downgraded the stock to “Sell,” ending a rally that had lifted shares over 440% since May.

  • Rocket Lab (RKLB) slipped 8%, giving back part of recent gains fueled by successful delivery of two NASA Mars probes.

Market Sentiment

The declines reflect a pause after months of strong gains, with investors rebalancing positions in mega-cap tech. Still, Tesla’s strength hints at resilience within the EV sector, while speculative names like Lithium Americas showed how policy news can sharply swing sentiment.

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