KUALA LUMPUR, June 12 (Bernama) -- Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility in crude oil prices and uncertainty over the global interest rate outlook. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 4.10 points or 0.24 per cent to 1,683.63 compared with Thursday's close of 1,679.53. The key index opened 5.34 points stronger at 1,684.87 earlier today and moved between 1,679.72 and 1,685.39 throughout the session. Market breadth was negative, with losers leading gainers 533 to 479, while 561 counters were unchanged, 1,130 untraded and 33 suspended. Turnover fell to 2.79 billion units worth RM2.31 billion from 3.32 billion units worth RM2.88 billion yesterday.
The Nasdaq 100 is undergoing a major reshuffle, but the bigger story isn’t just who’s in or out.
AI and Infrastructure Winners Enter the Index
Nasdaq will add:
- Rocket Lab
- Astera Labs
- CoreWeave
- Nebius
- Teradyne
What do these five companies have in common?
They are all direct beneficiaries of the AI and next-generation tech boom.
Common thread:
All are tied to the AI ecosystem from chips, cloud, to infrastructure and even space technology.
This reflects a clear shift:
Markets are no longer just betting on AI leaders like Nvidia, they are moving deeper into the entire AI value chain.
SpaceX IPO Signals the Next Wave
SpaceX has completed a record US$75 billion IPO, and could be added to the index within weeks.
This would further strengthen the Nasdaq 100’s exposure to:
- High-growth innovation sectors
- Capital-intensive future industries
Old Economy and Slower Growers Exit
To make room, Nasdaq removed:
- Charter Communications
- Cognizant Technology Solutions
- Insmed
- Verisk Analytics
- Zscaler
This highlights rotation away from mature or slower-growth names into high-conviction AI plays.
Why This Matters for Investors
The Nasdaq 100 is tracked by:
- 200+ funds
- Over US$800 billion in assets
👉 Inclusion means automatic inflows, higher liquidity, and often valuation re-rating.
Investor Takeaways
- All five new entrants share one theme: AI-driven growth.
- Markets are expanding beyond chipmakers into the full AI ecosystem.
- SpaceX could be the next major catalyst for the index.
- Index reshuffles reflect where capital is flowing — toward innovation and growth.
- Investors should track second-layer AI beneficiaries, not just headline names.
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