Kuala Lumpur: Bursa Malaysia opened higher, tracking Wall Street’s performance, but reversed course shortly after due to a lack of new catalysts. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.93 points to 1,503.52, down from Friday’s close of 1,505.45, despite an initial opening at 1,506.50.
According to BERNAMA News Agency, the broader market saw decliners outnumbering gainers by 151 to 100, with 248 counters unchanged, 1,927 untraded, and 19 suspended. The market turnover was recorded at 106.07 million shares valued at RM43.71 million.
Rakuten Trade Sdn Bhd’s equity research vice-president, Thong Pak Leng, noted that Wall Street had closed slightly higher during the ‘quadruple witching day’ last Friday, a day marked by the expiration of stock and index options, along with index and single stock futures. Despite the rebound from intraday lows by all three major indices, trading volatility persisted due to cautious sentiment amid tariff uncertainties. The United States 10-year Treasury yield al
so saw a rise to 4.25 percent.
On the local scene, while the FBM KLCI closed in positive territory, the market’s underlying tone remained fragile, influenced by continuous foreign fund outflows. Initial buying support waned as foreign selling pressure increased, with expectations for the index to fluctuate within the 1,500-1,510 range.
In terms of specific stocks, Maybank rose by 2.0 sen to RM10.20, and IHH Healthcare increased by 12.0 sen to RM7.02. Conversely, CIMB Group and Public Bank each fell by 2.0 sen to RM6.83 and RM4.47, respectively, while Tenaga Nasional decreased by 4.0 sen to RM13.52.
Among active stocks, Saliran Group added 1.0 sen to 26.5 sen, and MMAG Holdings gained half-a-sen to 78.5 sen. Kanger International slipped by half-a-sen to 3.5 sen, ES Sunlogy dropped by 2.0 sen to 26.0 sen, and Sapura Energy remained unchanged at 4.5 sen.
On the index board, the FBM ACE Index decreased by 6.57 points to 4,818.07, the FBM 70 Index fell by 32.50 points to 16,255.50, and the FBM Emas Index dropp
ed by 10.90 points to 11,294.80. The FBMT 100 Index declined by 16.30 points to 11,045.08, and the FBM Emas Shariah Index slipped by 3.03 points to 11,024.14.
Sector-wise, the Energy Index rose by 3.79 points to 755.59, while the Financial Services Index fell by 36.51 points to 18,403.32. The Industrial Products and Services Index eased by 0.11 of-a-point to 153.32, and the Plantation Index decreased by 4.51 points to 7,445.42.