KUALA LUMPUR, May 8 — Bursa Malaysia snapped a five-day rally to close lower on Friday on profit-taking and in line with weaker global markets as renewed military developments between the United States and Iran hurt risk appetite, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.79 points, or 0.61 per cent, to its intraday low of 1,748.06 from Thursday’s close of 1,758.85.
The benchmark index, which opened 0.78 of-a-point lower at 1,758.07, moved to its intraday high of 1,760.19 in early trade before succumbing to selling pressure in late trading.
Market breadth was negative with losers beating gainers 708 to 451. A total of 586 counters were unchanged, 907 untraded, and nine suspended.
Turnover eased to 3.31 billion units worth RM3.00 billion compared with 3.78 billion units worth RM4.24 billion yesterday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional bourses followed Wall Street’s pullback after reports that the US military had intercepted attacks on three warships in the Strait of Hormuz, dampening hopes for a potential peace breakthrough.
“On the domestic front, we are cautious on the weakened market sentiment as investors continue to monitor developments in West Asia closely.
“The renewed tensions have reignited concerns over global energy supply disruptions and elevated oil prices, which could weigh on overall market confidence,” he told Bernama.
Meanwhile, IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said investors engaged in profit-taking activities today following the market’s recent strong rebound above the 1,750 level.
He said the decline was mainly led by telecommunications and infrastructure-related counters, which had recorded solid gains earlier this week.
“Today’s weakness appears largely technical and driven by short-term position adjustments rather than deteriorating fundamentals, with broader sentiment still supported by resilient global risk appetite and stable domestic macroeconomic conditions,” he said.
Among heavyweights, Maybank dropped eight sen to RM11.18, Public Bank slipped one sen to RM4.88, and CIMB Group shed 11 sen to RM7.93, while Tenaga Nasional added two sen to RM14.82, and IHH Healthcare put on one sen to RM8.89.
On the most active list, Top Glove gained four sen to 76 sen, Zetrix AI and ACE Market debutant Inspace Creation inched up half-a-sen each to 87 sen and 25.5 sen, respectively, Tanco Holdings perked up one sen to RM1.66, and Hartalega improved five sen to RM1.23.
Among the top gainers, Hong Leong Industries soared 96 sen to RM19.16, Petronas Dagangan climbed 50 sen to RM21.06, IOI Properties surged 33 sen to RM4.48, and TIME dotCom jumped 21 sen to RM6.35.
The top losers included Nestle (M) which dropped RM1.50 to RM102.60, UMS Integration slid 29 sen to RM7.08, United Plantations gave up 24 sen to RM30.80, and SD Guthrie lost 14 sen to RM6.06.
On the index board, the FBM Emas Index decreased 50.50 points to 12,930.23, the FBMT 100 Index slipped 54.21 points to 12,772.53, the FBM Emas Shariah Index shrank 24.82 points to 12,838.31, the FBM ACE Index tumbled 54.42 points to 4,654.47, while the FBM Mid 70 Index improved 27.13 points to 18,484.22.
By sector, the Financial Services Index dropped 99.62 points to 20,373.81 and the Plantation Index declined 99.36 points to 8,838.41.
However, the Industrial Products and Services Index inched up 0.23 of-a-point to 194.65 and the Energy Index edged up by 0.45 of-a-point to 812.32.
The Main Market volume declined to 1.73 billion units valued at RM2.72 billion from 2.11 billion units valued at RM3.92 billion on Thursday.
Warrants turnover narrowed to 1.18 billion units worth RM152.99 million from 1.24 billion units worth RM172.75 million previously.
The ACE Market volume slid to 392.80 million units valued at RM132.83 million from 419.93 million units valued at RM147.55 million yesterday.
Consumer products and services counters accounted for 225.62 million shares traded on the Main Market, industrial products and services (276.12 million), construction (159.03 million), technology (237.32 million), financial services (63.03 million), property (220.77 million), plantation (27.84 million), real estate investment trusts (20.12 million), closed-end fund (26,600), energy (102.33 million), healthcare (257.28 million), telecommunications and media (56.46 million), transportation and logistics (33.23 million), utilities (53.93 million), and business trusts (nil). — Bernama
Date: 8 May, 2026 7:05 pm
Source: Malay Mail
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