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MARKET PULSE PM JAN 10, 2025 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves.

Bursa Malaysia edged up above the 1,600 psychological level today, despite the lacklustre regional market performance.

Analysts expect weakness in tech and AI stocks will persist into next week, potentially weighing on the local market until issues surrounding US chipmakers are resolved. 

The benchmark index is expected to trade sideways with an upside bias within the range of 1,600 to 1,620 next week.  

The ringgit edged up to 4.4950 against the US dollar.

Crypto market shows signs of optimism ahead of today's US jobs report with Bitcoin trading at RM428,882.

Ethereum rose to RM14,936 and Solana at RM867.

That's it for Market Pulse.

 

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