KUALA LUMPUR, July 14 (Bernama) -- Bursa Malaysia extended its rally to close more than one per cent higher on Tuesday, lifted by strong buying interest in oil and gas as well as banking counters as investors positioned for potentially firmer energy prices following renewed hostilities between the United States and Iran. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 21.50 points, or 1.26 per cent, to close at its intraday high of 1,719.94 from Monday’s close of 1,698.44. The benchmark index opened 1.25 points higher at 1,699.69, and slid to its intraday low of 1,698.21 in the early session. On the broader market, losers led gainers 548 to 538, while 585 counters were unchanged, 1,031 untraded, and 22 suspended. Turnover expanded to 3.52 billion units valued at RM2.75 billion from 3.09 billion units valued at RM2.23 billion on Monday.
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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