Bursa Malaysia Closes at Daily Low Amid Investor Caution

Bursa Malaysia Closes at Daily Low Amid Investor Caution

Bursa Malaysia ended its trading day at a daily low, breaking a two-day winning streak as investors hesitated to make significant decisions ahead of upcoming U.S. economic reports. At 5 PM, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped by 2.65 points, or 0.17 percent, to 1,603.23, compared to 1,605.88 at yesterday’s close.

The benchmark index opened slightly lower at 1,605.75 and peaked at 1,607.64 during the late morning session. On the broader market, losers outnumbered gainers 579 to 574, with 475 counters unchanged, 740 untraded, and 23 suspended. Trading volume increased to 6.20 billion units valued at RM4.69 billion from 4.69 billion units valued at RM3.19 billion on Tuesday.

Chief Investment Researcher at UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan, highlighted the importance of the U.S. Consumer Price Index (CPI) data set to be released later today for future Federal Reserve interest rate decisions.

“Doubt arises following the U.S. Producer Price Index (PPI) data being stronger than expected yesterday, causing uncertainty about the potential timing of the Fed’s interest rate reduction,” he said.

Mohd Sedek added that technically, the FBM KLCI market indicators show resilience as they remain above the 1,600 level, supported by the consistent accumulation of blue-chip stocks. He expects the index to fluctuate between 1,600 and 1,614 this week, with stable support at 1,575 and 1,560 and resistance at 1,614 and 1,635.

Among heavyweight stocks, Maybank remained unchanged at RM9.88, Public Bank fell by two sen to RM4.15, CIMB dropped one sen to RM6.78, Tenaga Nasional decreased by four sen to RM12.40, and Petronas Chemicals declined by 16 sen to RM6.81.

Active stocks included Top Glove, which rose by 30 sen to RM1.26, Sin-Kung Logistics, which increased by one sen to 14 sen, Supermax Corp., which surged by 21.5 sen to RM1.08, Careplus, which strengthened by 7.5 sen to 38 sen, and MY E.G. Services, which climbed five sen to RM1.03.

On the index board, the FBM Emas Index gained 47.56 points to 12,184.69, the FBMT 100 Index added 51.35 points to 11,792.52, the FBM Emas Shariah Index rose 58.36 points to 12,390.70, and the FBM 70 Index jumped 363.98 points to 17,412.22, while the FBM ACE Index decreased by 38.72 points to 5,285.69.

Sector-wise, the Financial Services Index dipped by 21.40 points to 17,509.68, the Industrial Products and Services Index fell by 1.06 points to 192.40, and the Plantation Index declined by 49.72 points to 7,384.87, while the Energy Index edged up by 0.06 points to 985.93.

Main Market volume surged to 4.10 billion units valued at RM4.25 billion from 2.49 billion units valued at RM2.62 billion yesterday.

Warrants volume decreased to 720.47 million units valued at RM88.20 million from 997.69 million units valued at RM167.0 million on Tuesday.

ACE market volume increased to 1.37 billion shares worth RM331.67 million from 1.2 billion shares worth RM397.07 million previously.

Consumer products and services counters contributed 626.71 million shares traded on the Main Market, industrial products and services (667.83 million), construction (245.85 million), technology (312.22 million), SPAC (none), financial services (130.01 million), property (437.94 million), plantation (32.52 million), REITs (15.27 million), closed-end funds (93,400), energy (130.57 million), healthcare (1.38 billion), telecommunications and media (24.26 million), transportation and logistics (33.44 million), utilities (58.73 million), and business trusts (512,600).

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