Suspect Connected to Child Sex Crimes in Shah Alam Remains at Large in Malaysia
Bursa Malaysia opened lower on Monday, July 7, 2025, following a series of external factors that contributed to investor caution and negatively impacted market sentiment.
The approaching July 9 deadline for reciprocal tariffs, negative performance on Wall Street overnight, and US plans to restrict AI chip shipments to Malaysia and Thailand were the key factors that affected the market's performance. These factors, particularly impacting tech-related stocks and supply chains, led to a cautious start for Bursa Malaysia.
At 9:10 am, the benchmark index, the FBM KLCI, fell by 13.66 points to 1,536.53. By 9:32 am, the index had further declined to 1,535.49. By midday, it had settled at 1,537.27, down 12.92 points from the previous close.
The FBM 70 and FBM Emas Shariah Index also experienced significant declines, reflecting a broad-based sell-off across the market. The FBM ACE Index, the Financial Services Index, the Energy Index, and the Plantation Index also saw a decrease in their respective values.
NationGate Holdings was under pressure due to concerns over US chip export restrictions, while Nexgram Holdings saw some gains. The Industrial Products and Services Index eased to 154.58, and TWL's current price remained at 25 sen.
Turnover stood at 276.83 million shares worth RM189.99 million. IHH Healthcare's current price was RM6.72, and Maybank's current price was RM9.73. The FBM Emas Shariah Index and the FBMT 100 Index also fell to 11,271.11 and 11,271.11, respectively.
Despite the decline, the potential return of foreign funds and the undervaluation of the FBM KLCI may mitigate some of the downside risks. The data center theme, domestic-driven plays, and anticipation of major infrastructure projects rollout may provide support for the FBM KLCI.
Notable counters, such as Borneo Oil, Public Bank, SNS Network, Nationgate, CIMB, and Tenaga Nasional, saw their current prices remain stable or experience slight fluctuations. The market breadth was negative, with 436 decliners and 63 gainers.
Investors are advised to closely monitor global macroeconomic developments and regulatory changes in the tech sector as they continue to impact the market.
- The upcoming July 9 deadline for reciprocal tariffs and US plans to restrict AI chip shipments to Malaysia are aspects of general news and politics that are causing concerns for health companies like NationGate Holdings in Malaysia.
- Despite the overall decline in the market, the potential return of foreign funds and the undervaluation of the FBM KLCI may offer some relief, particularly in light of the data center theme, domestic-driven plays, and anticipation of major infrastructure projects rollout in Kuala Lumpur.
- The FBM 70 and FBM Emas Shariah Index, along with the Financial Services Index, the Energy Index, and the Plantation Index, mirrored the downward trend in Bursa Malaysia, indicating a widespread sell-off in the market infrastructure.
- crime-and-justice News related to Malaysia, such as concerns over US chip export restrictions, have a direct impact on tech-related stocks and their performance, as seen with NationGate Holdings, demonstrating how external factors can influence stock market dynamics.
