Bursa mixed in early trade, FBM KLCI opens lower
The main index slips to 1,662.29 amid concerns over the US central bank's hawkish stance and elevated Treasury yields.
Bursa Malaysia experienced a mixed opening on Monday, as investors weighed regional market gains against ongoing concerns about the US Federal Reserve's firm stance and rising US Treasury yields. The FTSE Bursa Malaysia KLCI, or FBM KLCI, a key benchmark index, slipped slightly, down 3.27 points, or 0.19 percent, to 1,662.29 from its previous close of 1,665.56.
Despite the slight dip, market breadth remained positive, with more stocks gaining than losing. A total of 324 counters closed unchanged, while 2,150 remained untraded and 20 were suspended. Turnover totaled 250.83 million shares, valued at RM129.99 million. Thong Pak Leng, vice-president of equity research at Rakuten Trade Sdn Bhd, noted that the Federal Reserve faces limited policy options due to high crude oil prices and its efforts to distance itself from US President Donald Trump could have a positive long-term impact.
Foreign selling intensified, contributing to a 40-point drop in the index for the week. Some notable stock movements included Maybank rising four sen to RM10.36, Public Bank staying flat at RM4.77, and CIMB easing three sen to RM7.60. Among the top gainers were Zetrix AI, AirAsia, and Butterfield, while top losers included Malaysian Pacific Industries and Nestle.
The FBM Emas Index fell 40.88 points to 12,370.84, and the FBM Top 100 Index declined 44.71 points to 12,165.66. Among sector indices, Financial Services improved by 8.22 points to 19,420.86.
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- Bursa mixed in early trade, FBM KLCI opens lower nst.com.my
- Bursa mixed in early trade, FBM KLCI opens lower freemalaysiatoday.com
