KUALA LUMPUR, Nov 6 — 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) lost 19.28 points or 1.17 per cent to 1,616.58 from Thursday’s close of 1,635.86.
The benchmark index opened 15.31 points weaker at 1,620.55, marking its intraday high, and subsequently hit a low of 1,610.80 during the mid-afternoon session.
Market breadth was negative, with losers thumping gainers 964 to 273, while 404 counters were unchanged, 1,132 untraded and 10 suspended.
Turnover fell to 3.64 billion units valued at RM3.49 billion compared with yesterday’s 3.74 billion units valued at RM3.61 billion.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that despite the sharp correction, he remained 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 Rate at 2.75 per cent yesterday, alongside its expectation of economic growth exceeding five per cent 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.
Of the heavyweight stocks, Maybank dropped four sen to RM10.12, Public Bank and 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 at RM7.70.
In active trade, Zetrix AI bagged half a 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 RM1.00 to RM22.22, United Plantations rose 28 sen 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 plummeted 163.88 points to 11,798.45.
The FBM Mid 70 Index sank 333.85 points to 17,020.88, the FBM Emas Shariah Index dipped 184.33 points to 11,822.77, and the FBM ACE Index declined 82.41 points to 5,240.24.
Sector-wise, the Industrial Products and Services Index edged down 3.90 points to 171.35, and the Energy Index slid 11.61 points to 794.86. The Financial Services Index fell 171.85 points to 18,957.06 and the Plantation Index slumped 57.87 points to 8,726.36.
The Main Market volume improved to 1.98 billion units worth RM3.17 billion from 1.89 billion units worth RM3.29 billion yesterday.
Warrants turnover dwindled to 1.21 billion units worth RM145.53 million from 1.45 billion units worth RM157.16 million previously.
The ACE Market volume rose to 444.10 million units valued at RM174.61 million from 395.36 million units valued at RM162.15 million 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 (83.19 million), property (91.20 million), plantation (30.63 million), real estate investment trusts (13.91 million), closed-end fund (126,500), energy (132.47 million), 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).
