Bursa Malaysia ended the week lower amid broad-based selling, tracking weaker regional markets as global equities came under renewed pressure following Wall Street’s sharp decline overnight.
At 5pm,the FTSE Bursa Malaysia KLCI (FBM KLCI) lost19.28 points, or 1.17%,to 1,616.58 from yesterday’sclose of 1,635.86.
The benchmark index opened 15.31 points weakerat 1,620.55,marking its intraday high, and subsequently hit a low of1,610.80during the mid-afternoon session.
Market breadth was negative, withlosers thumpinggainers 964to 273, while 404 counters were unchanged, 1,132untraded and 10 suspended.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that despite the sharp correction, heremained cautiously optimistic about the market, citing Malaysia’s resilient underlying economic fundamentals and corporate earnings prospects.
He said Bank Negara Malaysia’s decision to maintain the Overnight Policy Rateat 2.75% yesterday, alongside its expectation of economic growth exceeding 5%in 2026, provided further reassurance.
“We believe the current weakness is largely driven by external uncertainties rather than deteriorating domestic fundamentals, while more attractive valuations could encourage selective accumulation of fundamentally sound blue-chip stocks,” he told Bernama.
Among the heavyweight stocks, Maybank dropped four sen to RM10.12, Public Bankand Tenaga Nasional slipped six sen each to RM4.90 and RM13.04, respectively, while CIMB erased nine sen to RM7.06, and IHH Healthcare was two sen lower atRM7.70.
In active trade, Zetrix AI bagged 0.5 sen to 6.5 sen, V.S. Industry eased 2.5 sen to 29.5 sen, Top Glove added two sen to 96.5 sen, Inari Amertron gave up 16 sen to RM2.12, and NationGate shed five sen to RM1.82.
Among the gainers were Fraser & Neave, which firmed RM1.00to RM22.22, United Plantations rose 28sen to RM30.38, while MN Holdings, Petronas Gas and Warisan TC were 12 sen higher at RM3.82, RM17.42 and 62 sen, respectively.
On the index board, the FBM Emas Index tumbled 169.37 points to 11,965.47,and the FBM Top 100 Index plummeted163.88points to 11,798.45.
The FBM Mid 70 Index sank333.85points to 17,020.88, the FBM Emas Shariah Index dipped184.33 points to 11,822.77, and the FBM ACE Index declined 82.41points to 5,240.24.
Sector-wise, the industrial products and services index edged down 3.90 points to 171.35,and the energy index slid11.61points to 794.86. The financial services index fell 171.85points to 18,957.06,and the plantation index slumped 57.87points to 8,726.36.
The Main Market volume improvedto1.98 billion units worth RM3.17billion from1.89billion units worth RM3.29billion yesterday.
Warrants turnover dwindled to 1.21billion units worth RM145.53million from1.45 billion units worth RM157.16million previously.
The ACE Market volume roseto 444.10million units valued at RM174.61million from395.36 million units valued at RM162.15million on Thursday.
Meanwhile, consumer products and services counters accounted for 233.03 million shares traded on the Main Market, industrial products and services (383.92 million), construction (173.00 million), technology (597.24 million), financial services (83.19million), property (91.20million), plantation (30.63 million), real estate investment trusts (13.91 million), closed-end fund(126,500), energy (132.47million), healthcare (108.92 million), telecommunications and media (34.55 million), transportation and logistics (48.16 million), utilities (54.13 million), and business trusts (54,200).
