Bursa Malaysia Extends Gains as Nasdaq Hits Fresh Record, FBM KLCI Rises Amid Expectations of US Rate Cut

Bursa Malaysia extends gains, up 1.39 points to 1,586.98, following a record-breaking performance on the US Nasdaq. Investors are optimistic about a potential US rate cut cycle. TA Securities and Rakuten Trade note buying support from local institutions and expect the index to trend within the 1,585-1,600 range. Notable gainers include Nestle, Hong Leong Bank, and Sunway.

Graphjet Technology, a Malaysia-based graphene and graphite producer, has received a notice from the Nasdaq Stock Market indicating a compliance issue with Nasdaq Listing Rule 5450(b)(2)(A). The rule requires a minimum market value of publicly held shares of $50 million for 30 consecutive trading days, which Graphjet failed to meet by September 1, 2025 [1]. The company's shares continue to trade under the symbol "GTI" on The Nasdaq Global Market, but Nasdaq has requested a written response by September 9, 2025 [1].

Graphjet Technology, founded in 2019, specializes in producing graphene and graphite using a patented method that recycles palm kernel shells. The company's unique technology represents an innovative breakthrough in sustainable production methods [1]. Despite the compliance issue, the company has shown proactive engagement by agreeing to update Nasdaq regarding its fundraising plans by September 30, 2025 [1].

The Nasdaq notice has no immediate effect on Graphjet's listing status, but it raises concerns about the company's financial stability and ability to execute its business strategy. The company must address the compliance issue and provide a detailed response to Nasdaq to avoid potential delisting [1].

Institutional investors have shown interest in Graphjet Technology, with 5 institutions adding shares to their portfolios and 10 decreasing their positions in the most recent quarter. Notable moves include Shay Capital LLC adding 825,797 shares and Cantor Fitzgerald, L.P. adding 463,800 shares [1].

References:

[1] Quiver AI Summary: Graphjet Technology Receives Nasdaq Notice Regarding Listing Compliance Deficiency
https://www.quiverquant.com/news/Graphjet+Technology+Receives+Nasdaq+Notice+Regarding+Listing+Compliance+Deficiency