Bursa opens lower on profit-taking amid geopolitical uncertainties
The benchmark index eases by 4.38 points to 1,728.98 following gains in the previous session.
Bursa Malaysia’s main index, the KLCI, opened lower on Wednesday, 4.38 points at 1,728.98, following a previous session’s gains. The index had closed at 1,733.36 on Tuesday. Market breadth was negative, with more stocks falling than rising – 219 compared to 101. Despite 256 counters remaining unchanged, 2,297 shares were untraded, and 16 were suspended.
Turnover amounted to 116.63 million shares valued at RM53.77 million. Analysts noted investors' cautious stance as the market entered the corporate earnings season, with Maybank, CIMB Group, Tenaga Nasional, IHH Healthcare, and Public Bank among the major stocks seeing declines. However, some stocks like Zetrix AI, Pentech Holdings, and Lotte Chemical Titan Holdings posted gains.
Dutch Lady Milk Industries, Hong Leong Bank, KPJ Healthcare, Hengyuan Refining Company, and ITMAX System were among the top gainers, while Malaysian Pacific Industries, Allianz Malaysia, Kelington Group, and Vitrox Corporation were among the top losers. The FBM 70, FBM Emas Shariah, and FBM Emas indices also saw declines, as did the FBM Top 100 and FBM ACE indices.
The Energy Index rose, while the Plantation, Industrial Products and Services, and Financial Services indices showed a slight decrease.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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