Kuala lumpur: Bursa Malaysia ended lower on Friday as investors locked in gains following a recent rally. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 24.33 points, or 1.39 per cent, to 1,716.61 from Thursday's close of 1,740.94. The benchmark opened 3.88 points lower at 1,737.06 and traded between 1,714.09 and 1,737.06 during the session.
According to BERNAMA News Agency, market breadth was negative, with 842 decliners outpacing 376 gainers, while 491 counters were unchanged. A total of 981 counters were untraded and 76 suspended. Turnover rose to 3.53 billion units valued at RM5.53 billion, compared with 2.98 billion units worth RM4.07 billion on Thursday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng noted that the FBM KLCI extended its downtrend amid broad-based selling pressure. He indicated that the benchmark faced headwinds from losses in banking, construction, and industrial stocks, suggesting a healthy correction rather than a breakdown.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan pointed out that the decline was driven by technical and positioning factors rather than a deterioration in fundamentals. He observed that selling pressure, particularly among foreign and institutional investors, was dominated by portfolio rebalancing rather than macroeconomic shocks.
Among heavyweights, Maybank slipped four sen to RM11.96, Public Bank fell seven sen to RM4.93, and CIMB Group slid 42 sen to RM8.04. However, Tenaga Nasional gained 20 sen to RM14.38, while IHH Healthcare added 10 sen to RM9.12.
On the most active list, VS Industry eased two sen to 34.5 sen, Zetrix AI rose two sen to 82 sen, and Tanco advanced six sen to RM1.59. Malaysian Resources slipped half-a-sen to 31 sen, while Press Metal tumbled 47 sen to RM7.13.
Top gainers included Fraser and Neave, up RM1.44 to RM34.94, UWC, which added 39 sen to RM4.50, Hume Cement, which rose 36 sen to RM3.88, Hong Leong Industries, up 34 sen to RM18.72, and Kelington, which gained 26 sen to RM5.47.
Top losers were Nestle, down 90 sen to RM109.90, Hong Leong Financial, which fell 60 sen to RM21.30, Hong Leong Bank, which lost 56 sen to RM23.28, Petronas Gas, down 48 sen to RM17.96, United Plantations, which shed 48 sen to RM29.52, and Press Metal, which declined 47 sen to RM7.13.
On the index board, the FBM Emas Index declined 157.17 points to 12,611.43, the FBMT 100 Index fell 160.48 points to 12,433.82, the FBM Emas Shariah Index eased 94.15 points to 12,217.56, the FBM 70 Index shed 155.77 points to 17,542.47, and the FBM ACE Index dropped 44.30 points to 4,720.25.
By sector, the Financial Services Index slipped 384.53 points to 21,081.80, the Industrial Products and Services Index rose 4.51 points to 170.83, the Energy Index declined 5.72 points to 753.74, and the Plantation Index eased 81.97 points to 8,269.57.
Main Market volume rose to 2.43 billion units valued at RM5.31 billion from 1.82 billion units worth RM3.82 billion on Thursday. Warrant turnover increased to 746.92 million units worth RM76.83 million from 707.30 million units worth RM87.39 million previously. ACE Market volume fell to 354.36 million units valued at RM143.11 million from 459.82 million units valued at RM163.60 million on Thursday.
On the Main Market, consumer products and services counters accounted for 358.77 million shares traded, industrial products and services (437.54 million), construction (185.73 million), technology (378.18 million), financial services (243.31 million), property (313.70 million), plantation (40.57 million), real estate investment trusts (50.07 million), closed-end funds (nil), energy (119.47 million), healthcare (93.03 million), telecommunications and media (88.84 million), transportation and logistics (29.88 million), utilities (91.33 million), and business trusts (598,000).