Bursa Stocks To Watch (25 June 2026): Micron Outperforms, Eyes on US Economic Data (M+ Global View)

Global equity markets enter Thursday with two overlapping narratives. On one side, blowout quarterly results from Micron Technology (MU) have reinforced confidence in the AI memory cycle. On the other, investors are holding their breath ahead of a string of important United States (US) economic data scheduled for release today. The combination of both factors is expected to colour trading on Bursa Malaysia as well.

This article summarises the M+ GLOBAL Market Update dated 25 June 2026, themed "Micron Outperformed with Economic Data In Focus". It is important to understand: all the market views and the "stocks to watch" list below are the analysis and opinion of M+ Global, not buy or sell recommendations from mahersaham.com. We share this summary purely as reference and market education material.

Disclaimer: The information in this article is not investment advice. It is a summary of a third party's views (M+ Global) for educational purposes. Any decision to buy or sell shares is your own responsibility. Please do your own research or consult a licensed financial adviser before investing.

Today's Theme: Micron Outperforms, Eyes on Economic Data

The big market theme on 25 June 2026 is the blowout (far above expectations) result from Micron Technology (MU), the world's leading memory chip maker, which has re-injected confidence into the technology sector. At the same time, investor attention is shifting to US economic data that will set the direction of near-term sentiment.

On Wall Street, the Dow Jones index reportedly recovered moderately. Two factors supported this recovery according to M+ Global: first, progress in peace talks between the US and Iran easing geopolitical concerns; and second, the fall in Brent crude oil prices toward the USD73 per barrel level. Brent is the world's main crude oil benchmark - you can read how it differs from other grades in Brent vs WTI vs Tapis. Falling oil prices typically ease inflation and input-cost pressure, even as they weigh on energy stocks.

If you are still unsure about the difference between the major US indices such as the Dow Jones, S&P 500 and Nasdaq, start with What's the Difference Between the Dow Jones, S&P 500 and Nasdaq as a foundation.

Wall Street Outlook: Cautious Ahead of Three Economic Data Points

According to M+ Global, Wall Street is expected to stay cautious in the near term. The reason is three sets of US economic data scheduled for release today, namely first-quarter GDP data, Core PCE inflation, and initial jobless claims.

Why do these three data points matter?

• First-quarter GDP measures the total value of goods and services an economy produces - a basic gauge of whether the economy is expanding or contracting. If you want a deeper understanding of this concept, read What Is GDP?.
• Core PCE inflation (Personal Consumption Expenditures) is the inflation measure closely watched by the Federal Reserve (Fed), the US central bank. "Core" means it excludes the more volatile food and energy prices to give a more stable picture of underlying price pressure. You can understand this concept in Core Inflation vs Headline Inflation. The official reference on the PCE price index can be checked at the Bureau of Economic Analysis (BEA).
• Initial jobless claims is the number of Americans filing for unemployment benefits for the first time in a week - an early indicator of labour-market health.

Because all three can influence the Fed's interest-rate decisions, investors tend to "sit tight" before they are announced - and that is the source of the caution M+ Global expects.

Micron (MU): AI Memory Supercycle Remains Intact

Even as the market stays cautious, M+ Global sees one clear opportunity: Micron Technology (MU). Following its excellent (blowout) quarterly result, M+ Global stresses that the AI memory supercycle remains intact.

What is a "memory supercycle"? Memory chips - such as DRAM and high-bandwidth memory (HBM) made by Micron - are critical components in AI processors and servers. As demand for AI infrastructure surges, demand for memory chips rises in a sustained way too. "Supercycle" refers to an unusually strong and prolonged demand cycle, as opposed to the memory industry's usual ups and downs.

On the technical side, M+ Global notes that MU shares trading around the EMA20 are seen as an attractive buying opportunity. The EMA20 (20-day Exponential Moving Average) is a 20-day moving average that gives more weight to recent prices; many traders view this level as dynamic support. Again, this is M+ Global's technical view - not a guarantee that prices will rise.

Other AI Stocks Expected to Benefit

According to M+ Global, Micron's outperformance affects not only MU itself but also several other US stocks across the technology supply chain that are expected to benefit:

• Nvidia (NVDA) - the designer of the graphics processing units (GPUs) that form the backbone of AI computing.
• Western Digital (WDC) - a player in the data storage space.
• Applied Materials (AMAT) - a supplier of semiconductor manufacturing equipment.
• Lam Research (LRCX) - another key supplier of equipment in chip fabrication.

M+ Global's logic behind this list is simple: when AI memory demand stays strong as Micron has demonstrated, companies upstream and downstream of the supply chain - from chip designers to factory-equipment suppliers - also stand to enjoy the same momentum. This AI-cycle theme is nothing new; we previously compared the narrative of core companies in the AI boom with past technology cycles in NVIDIA Today = Cisco 2000?, and listed other potential winners in Beyond NVIDIA: 8 Companies Profiting From the AI Boom.

Bursa Malaysia Outlook: KLCI Set for a Positive Tone Following Micron

Turning to the local market, M+ Global expects the FBM KLCI (the index of 30 major Bursa Malaysia companies) to trade with a positive tone today, following Micron's positive result. Good sentiment in the global technology sector typically spreads to regional technology stocks, including Bursa Malaysia, which has significant exposure to the semiconductor supply chain.

Theme 1: Crude Oil Sell-Down Gives SPRITZER & LWSABAH Breathing Room

M+ Global notes that the continued sell-down in crude oil prices provides positive sentiment for two local stocks: SPRITZER and LWSABAH.

What does the oil price have to do with these two companies? The answer is plastic resin cost. Plastic resin is the main raw material for bottles and packaging, and it is derived from petroleum. When crude oil prices fall, plastic resin costs usually fall too - easing production costs for companies that use a lot of plastic packaging. M+ Global views this dynamic as good sentiment for both counters. For readers following Spritzer, we have written about this counter in Spritzer Shares Rise, Analysts Forecast Another 15% Upside.

Theme 2: M+ Global Likes JHM & SCICOM

Two other local stocks that M+ Global likes are JHM and SCICOM, each on a different thesis.

JHM caught M+ Global's attention for two developments. First, the company posted a positive turnaround in the first quarter of FY26 (1Q FY26) - meaning it returned to profit compared with the net loss it recorded in FY25. A turnaround refers to a recovery in financial performance from loss to profit. Second, JHM reportedly secured an automotive spare-parts contract worth RM300 million with Proton. Long-term contracts like this usually give a company better earnings visibility.

SCICOM, meanwhile, is seen by M+ Global as benefiting from a strategic partnership with Telekom Malaysia (TM). Under this partnership, SCICOM's AI and BPO (Business Process Outsourcing) platform will be integrated into TM's digital infrastructure. BPO refers to services that manage business processes such as customer service on behalf of other companies. M+ Global sees this integration as a catalyst that could broaden SCICOM's business reach.

Full "Stocks To Watch" List (M+ Global's View)

Beyond the stocks mentioned above, M+ Global also lists several stocks to watch across various sectors. Again, this is M+ Global's view, shared as reference only:

Sector	Stocks To Watch (M+ Global)
Technology	GOHUB, ICENTS, OPPSTAR, PENTA, SFPTECH, UWC
Construction	CBHB, MNHLDG
Transport & Logistics	MTTSL, WPRTS
Automotive	BETA
Building Materials	YBS

This list shows M+ Global's heavy tilt toward the technology sector - in line with the AI memory supercycle theme and Micron's momentum - while also paying attention to construction, transport, automotive and building materials. Investors can use this list as a starting point for their own research, not as an automatic buy signal. To understand the real meaning of terms like "Buy", "Sell" and "Neutral" often used in M+ Global commentary, read What Does Neutral Mean in M+ Global?.

What Can Investors Do in This Situation?

In a market that is cautious ahead of important economic data, a few basic principles always apply:

1. Understand the source of the views. The stocks-to-watch list above comes from M+ Global. Before acting, check the charts, financial reports, and Shariah status (if relevant) of each stock yourself.
2. Watch today's US economic data. Because the market is "waiting" on the GDP, Core PCE and initial jobless claims data, any surprise (higher or lower than expected) can move sentiment quickly. News portals such as Bernama can help you follow the latest developments.
3. Manage risk. The technical views M+ Global mentions - such as MU trading around the EMA20 - do not guarantee profit; they are just one view at one point in time. Prices can move in the opposite direction.

For investors who want to start trading Bursa and foreign stocks, you can refer to our guide on how to buy Bursa Malaysia stocks using the Mplus Global app.

Frequently Asked Questions (FAQ)

1. Are the stocks in this article recommendations from mahersaham.com?
No. All the market views and the "stocks to watch" list in this article are M+ Global's analysis. Mahersaham.com only summarises and explains those views for educational purposes, not as buy or sell recommendations.

2. What does the theme "Micron Outperformed with Economic Data In Focus" mean?
It means Micron (MU) posted results that beat expectations (outperformed), while investor attention shifts to upcoming US economic data - first-quarter GDP, Core PCE inflation and initial jobless claims. This combination keeps the market cautious despite the positive news from Micron.

3. Why are Core PCE and GDP data so important for the market?
Core PCE is the Federal Reserve's preferred inflation measure, while GDP shows the overall health of the economy. Both can influence the Fed's interest-rate decisions, so investors tend to be cautious and wait before these data are announced.

4. Why does M+ Global like Micron (MU)?
According to M+ Global, Micron's excellent (blowout) quarterly result reinforces the thesis that the AI memory supercycle remains intact. On the technical side, MU shares trading around the EMA20 are seen by M+ Global as an attractive buying opportunity.

5. Why can falling oil prices benefit SPRITZER and LWSABAH?
Plastic resin - the main raw material for bottles and packaging - is derived from petroleum. When crude oil prices fall, plastic resin costs usually fall too, easing production costs. That is why M+ Global sees positive sentiment for both counters.

6. What is M+ Global's thesis behind JHM and SCICOM?
For JHM, M+ Global points to a positive turnaround in 1Q FY26 (versus a net loss in FY25) and an RM300 million automotive spare-parts contract with Proton. For SCICOM, the basis is a strategic partnership with TM that integrates SCICOM's AI and BPO platform into TM's digital infrastructure.

7. Are the stocks mentioned here Shariah-compliant?
This article does not verify the Shariah status of any stock. If Shariah compliance is important to you, please check each stock's status in the list of Shariah-compliant securities issued by the Securities Commission Malaysia before investing.

Conclusion

The big market theme on 25 June 2026 is Micron's excellent result, which has reinforced confidence in the AI memory supercycle, while investor attention shifts to three US economic data points - first-quarter GDP, Core PCE inflation and initial jobless claims. In this environment, M+ Global expects Wall Street to stay cautious, while the FBM KLCI could trade with a positive tone following Micron. M+ Global sees selective opportunities: from US memory and AI stocks like MU, NVDA, WDC, AMAT and LRCX, to local stocks benefiting from lower resin costs (SPRITZER, LWSABAH), as well as preferred counters JHM and SCICOM. All of this, once again, is M+ Global's view shared as educational reference.

If you want to continue your investing journey better prepared, the first step is to have an account that lets you trade.

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Further Reading

• NVIDIA Today = Cisco 2000? Historical Lessons & Other AI Stocks for Investors
• Beyond NVIDIA: 8 Companies Profiting From the AI Boom
• 2026 Economic Outlook: Why Malaysia's Tech & Semiconductor Sector Could Roar Back
• Core Inflation vs Headline Inflation: Which Should Investors Follow?
• What's the Difference Between the Dow Jones, S&P 500 and Nasdaq?

Source of market views and stocks to watch: M+ Global Market Update (25 June 2026). This article is not investment advice.