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Market Daily Report: Bargain Hunting Lifts Bursa Malaysia To End Higher

KUALA LUMPUR, March 5 (Bernama) -- Bursa Malaysia ended higher today in line with regional equities as bargain hunting emerged after the benchmark index briefly slipped below the psychological 1,700 level in recent trading sessions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 14.98 points, or 0.88 per cent, to close at an intraday high of 1,713.20 from Wednesday’s close of 1,698.22, The benchmark index opened 8.03 points higher at 1,706.25 and slipped to an intraday low of 1,701.83 in early trade.  Gainers beat losers by 572 to 511, while 523 counters were unchanged, 1,016 untraded, and 11 suspended. Turnover declined to 2.85 billion units worth RM3.26 billion from Wednesday’s 3.51 billion units worth RM3.79 billion.   
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Wall Street Morning Brief - Tech Rebound Lifts US Markets as Oil Volatility Eases

US equities closed higher on Wednesday as oil price volatility cooled and technology stocks staged a strong rebound, helping restore investor confidence after earlier geopolitical-driven selling.

The rally came despite ongoing tensions involving Iran, the United States and Israel, with markets focusing instead on signs of economic resilience and stabilising energy prices.

Market Snapshot

US stock indices ended the session firmly higher:

  • Dow Jones Industrial Average: 48,739.41 (+0.49%)

  • S&P 500: 6,869.50 (+0.78%)

  • Nasdaq Composite: 22,807.48 (+1.29%)

The Nasdaq led gains, driven by strength in semiconductors and mega-cap technology stocks.

Markets stabilised after two volatile sessions triggered by fears that the Middle East conflict could disrupt global oil supply.

Oil Market Stabilises

Energy markets showed signs of calming after sharp price spikes earlier in the week.

  • WTI crude: US$75.96 per barrel (+1.9%)

Oil prices had surged as much as 12% earlier this week after military strikes involving Iran and the US-Israel alliance raised concerns about supply disruptions.

Sentiment improved after President Donald Trump announced the US would provide insurance protection and naval escorts for oil tankers traveling through the Strait of Hormuz, a strategic route that carries about 20% of global oil shipments.

The move reassured markets that global energy supply routes could remain open despite the conflict.

Tech Stocks Lead the Rally

Technology stocks were the primary drivers of the market rebound.

Strong performers included:

  • SanDisk: +6.0%

  • Intel: +5.8%

  • Micron Technology: +5.6%

  • AMD: +5.8%

Among the Magnificent Seven, gains were led by:

  • Amazon: +3.9%

  • Tesla: +3.5%

  • Meta: +1.9%

  • NVIDIA: +1.7%

Tesla also benefited from Bank of America resuming coverage with a “Buy” rating and a US$460 price target.

Meanwhile, Apple and Alphabet ended slightly lower.

Crypto Markets Surge

Cryptocurrencies rallied strongly as investors sought alternative assets and geopolitical hedges.

  • Bitcoin: US$73,289 (+7.3%)

  • Ethereum: US$2,150 (+8.6%)

  • Solana: +8.7%

  • XRP: +6.7%

The rally boosted crypto-linked stocks including Coinbase, MicroStrategy and Robinhood.

Economic Data Signals Resilient Labour Market

Fresh labour market data also supported market sentiment.

Payroll processor ADP reported US private-sector employment rose by 63,000 jobs in February, marking the strongest increase since July 2025.

While the data suggests economic growth remains stable, it could also complicate the Federal Reserve’s policy outlook if stronger employment keeps inflation pressures elevated.

Investors are now awaiting the official US nonfarm payrolls report due later this week.

Investor Takeaways

• US markets rebounded, with the Nasdaq leading gains (+1.29%)
• Oil prices stabilised near US$76, easing fears of supply disruptions
• Technology and semiconductor stocks drove the rally
• Cryptocurrencies surged, reflecting renewed risk appetite
• Investors now focus on US jobs data and inflation trends for clues on future Fed policy

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