KUALA LUMPUR, Nov 4 — Bursa Malaysia closed lower today amid profit-taking in selected banking and telecommunications heavyweights, despite improved market breadth driven by renewed buying interest in small-cap technology stocks.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that across the region, equities were mostly higher, with Hong Kong and mainland China staging a recovery as investors assessed the implications of a divided United States government.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 5.29 points or 0.32 per cent to 1,616.56 from yesterday’s close of 1,621.85.
The benchmark index opened 1.46 points higher at 1,623.31, marking its intraday high, and subsequently hit a low of 1,614.34 during the mid-afternoon session.
Market breadth was positive as gainers outpaced losers 645 to 441, while 520 counters were unchanged, 1,155 untraded, and 10 suspended.
Turnover rose to 2.81 billion units valued at RM2.57 billion compared with yesterday’s 2.63 billion units valued at RM2.64 billion.
On the global front, Thong said easing US Treasury yields and a softer US dollar provided some relief to market sentiment, while Brent crude oil hovered around US$103 per barrel amid renewed hopes of diplomatic progress in West Asia, although geopolitical uncertainties remained elevated.
“Meanwhile, on the domestic front, we remain cautiously optimistic as the recent market correction has brought valuations of selected blue-chip stocks to increasingly attractive levels, potentially encouraging further bargain hunting.
“More importantly, renewed buying interest in smaller-cap technology stocks suggests that investors remain willing to take selective positions despite the prevailing uncertainties,” he told Bernama.
He said that although external developments could trigger intermittent volatility, selective accumulation of fundamentally sound blue-chip stocks should support a gradual market recovery.
Among the heavyweight stocks, Maybank lost 14 sen to RM9.90, Public Bank dropped four sen to RM4.77, Tenaga Nasional fell two sen to RM13.14, and CIMB slipped seven sen to RM6.91, while IHH Healthcare perked up two sen to RM7.78.
In active trade, Aizo edged down half a sen to 6.5 sen, GIIB reduced eight sen to 41.5 sen, Inari Amertron added eight sen to RM2.46, while MAG and Zetriz AI were flat at 15.5 sen and six sen, respectively.
MPI led the top gainers, expanding RM1.12 to RM40.62, while Vitrox garnered 48 sen to RM10.90, UWC climbed 32 sen to RM7.20, Pentamaster jumped 31 sen to RM5.58, and Kesm Industries soared 21 sen to RM4.65.
Among the top losers, Fraser & Neave erased 24 sen to RM20.96, Nestle lost RM2.38 to RM93.50, Mega Fortris tumbled 33 sen to RM2.54, Sarawak Oil Palms slid 14 sen to RM5.39, and Mulpha International shed 12 sen to RM2.55.
On the index board, the FBM Emas Index ticked up 9.66 points to 12,077.98 while the FBM Top 100 Index put on 5.23 points to 11,885.08.
The FBM Mid 70 Index leapt 192.35 points to 17,511.25, the FBM Emas Shariah Index advanced 59.52 points to 12,104.43, and the FBM ACE Index surged 101.74 points to 5,420.78.
Sector-wise, the Industrial Products and Services Index edged up 0.63 of a point to 178.21, the Energy Index inched up 0.92 of a point to 827.92, while the Financial Services Index slumped 130.60 points to 18,586.31, and the Plantation Index decreased 7.77 points to 8,761.88.
The Main Market volume was slightly higher at 1.49 billion units worth RM2.30 billion from 1.47 billion units worth RM2.41 billion yesterday.
Warrants turnover increased to 899.12 million units worth RM104.16 million from 790.10 million units worth RM91.37 million previously.
The ACE Market volume expanded to 426.08 million units valued at RM165.95 million from 364.33 million units valued at RM136.10 million yesterday.
Meanwhile, consumer products and services counters accounted for 194.94 million shares traded on the Main Market, industrial products and services (358.68 million), construction (142.72 million), technology (283.59 million), financial services (77.56 million), property (100.48 million), plantation (24.54 million), real estate investment trusts (22.89 million), closed-end fund (353,300), energy (76.86 million), healthcare (93.21 million), telecommunications and media (40.82 million), transportation and logistics (42.55 million), utilities (33.00 million), and business trusts (300). — Bernama
Date: 4 November, 2026 6:26 pm
Source: Malay Mail
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