KUALA LUMPUR: Bursa Malaysia continued its downward trend today as widespread selling pressure dragged the market lower, with over 900 stocks declining amid weak buying interest.
The FBM KLCI tumbled 16.22 points, or 1.02%, to 1,568.03, marking its lowest level in three weeks. All indices ended the day in negative territory, except for the Bursa Malaysia Transportation & Logistics Index.
In the broader market, losers outpaced gainers by nearly four-to-one, with 904 stocks ending lower and 218 finishing higher. Traded volume rose to 3.14 billion shares, valued at RM2.65 bil.
Dealers said the broad-based selloff reflected cautious sentiment, with persistent uncertainties keeping market participants on edge.
Among FBM KLCI component stocks, CIMB slid 15 sen to RM8.23, single-handedly dragging the index down by 2.29 points.
Tenaga Nasional fell 24 sen to RM13.40, dragging the index down by 1.99 points, while SD Guthrie lost 17 sen to RM4.83, shaving 1.67 points off the FBM KLCI.
PETRONAS Dagangan added eight sen, while MISC, IHH Healthcare, and PETRONAS Gas gained six sen each to RM7.37, RM7.31, and RM17.30, respectively.
On the broader market, Malaysian Pacific Industries
slid 74 sen to RM18.88, F&N fell 62 sen to RM25.88 and Allianz declined 48 sen to RM18.
Conversely, Heineken jumped 36 sen to RM27.20, United Plantations gained 34 sen to RM22 and HeiTech Padu rose 14 sen to RM3.
Meanwhile, the ringgit weakened 0.28% against the greenback to 4.4220 and slipped 0.15% against the Singapore dollar to 3.3026.
On the external front, Japan’s Nikkei 225 fell 1.39% to close at 38,237.79 while South Korea’s Kospi ended 0.57% lower at 2,630.29.
Hong Kong’s Hang Seng index was down 1.32% at 23,034.02 and China’s CSI 300 Index closed down 1.11% at 3,925.65.
