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Malaysia Morning Wrap | Tesla Slid 6% After Reported Q4 Deliveries

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Moomoo News MY wrote a column · Jan 3 09:03
Good morning mooers! Here are things you need to know about today's market:
The US market ended lower on Thursday, erasing early New Year gains.
The FBM KLCI ended weak on the first trading day of the year, reflecting market caution.
Stocks to watch: MAXIS,MAYBANK,SUNREIT.
- Moomoo News MY
Malaysia Morning Wrap | Tesla Slid 6% After Reported Q4 Deliveries
Wall Street Summary
$S&P 500 Index (.SPX.US)$ 5,868.55(-0.22%)
Stocks finished lower on Thursday, reversing early gains made at the start of the new year.
$Tesla (TSLA.US)$ reported Q4 deliveries of 495,570 vehicles, missing Wall Street’s estimate of 507,000. This led to a 6.8% stock drop to $376.39 on Thursday, the worst five-day stretch since December 2022.
Despite a 1% annual sales decline—its first since 2012—investors look ahead to 2025 growth, including plans for a lower-priced EV and AI-driven self-driving taxis.
$Rigetti Computing (RGTI.US)$ saw its stock surge 31% on Thursday, capping a 445% monthly gain. The boost followed the launch of its 84-qubit Ankaa-3 quantum computer, offering enhanced performance for cryptography and optimization.
The system will be available on platforms like Amazon Braket and Microsoft Azure in 2025. Rigetti’s strong cash position and debt-free status support its growth plans, including future quantum systems.
Bursa Market Insight
Top Gainer:   $TM (4863.MY)$ RM6.77 (+1.80%)
Top Loser:   $PCHEM (5183.MY)$ RM4.86 (-6.00%)
The FBM KLCI ended weak on the first trading day of the year, reflecting market caution.
Rakuten Trade's Thong Pak Leng said geopolitical tensions have fostered a cautious, risk-off mood in Asia, leading to asset reallocation for 2025. He expects the benchmark index to fall below 1,635 and sees further consolidation until new catalysts emerge.(The Star)
Stocks to Watch
$MAXIS (6012.MY)$ partnered with Universiti Tunku Abdul Rahman to explore 5G commercial opportunities.
$SUNREIT (5176.MY)$ completed its RM158mn acquisition of Kluang Mall, now rebranded as Sunway Kluang Mall.
$MAYBANK (1155.MY)$ launched Money Lock, a new counter-fraud feature on its MAE app.
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Malaysia Morning Wrap | Tesla Slid 6% After Reported Q4 Deliveries
Source: Dow Jones Newswires, Bursa Malaysia, The Malaysian Reserve, The Star, The EDGE
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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