KUALA LUMPUR, June 29 — Bursa Malaysia ended the morning session lower as persistent profit-taking in selected heavyweight stocks, particularly the healthcare, financial and plantation counters, weighed on market sentiment.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 4.74 points to 1,663.00 from Friday’s close of 1,667.74.
The benchmark index opened 1.04 points higher at 1,668.78, which also marked its intraday high, before sliding to a low of 1,655.28 during the session.
Market breadth was negative, with decliners outpacing gainers 490 to 349, while 495 counters were unchanged, 1,409 untraded, and 133 were suspended.
Turnover amounted to 1.37 billion units worth RM847.67 million.
Hong Leong Investment Bank Bhd said in a note today that the FBM KLCI is likely to remain volatile and headline-driven in the near term, with sentiment shaped by West Asia developments and upcoming domestic state elections.
It said domestically, the lack of fresh catalysts and persistent foreign fund outflows are likely to keep sentiment subdued, while political risk premiums remain elevated ahead of the Johor and Negeri Sembilan state elections (July 11 and Aug 1, respectively) amid speculation over an early 16th general election despite Parliament’s mandate until February 2028.
Among the heavyweight stocks, Maybank rose two sen to RM10.82, while Public Bank fell five sen to RM4.78, Tenaga Nasional dropped four sen to RM14.30, CIMB eased one sen to RM7.40, and IHH Healthcare lost 18 sen to RM8.36.
Of the active counters, Zetrix AI was down two sen to 75 sen, Silver Ridge reduced 4.5 sen to 14 sen, RT Pastry inched down one sen to 17 sen, and Dagang Nexchange trimmed half a sen to 41.5 sen, while Astro increased one sen to seven sen.
On the gainers’ list, Malaysian Pacific Industries soared RM1.14 to RM48.14, Fraser & Neave ticked up 38 sen to RM28.08, Vitrox improved 30 sen to RM7.54, Petronas Dagangan climbed 20 sen to RM18.80, and Apollo Food added 16 sen to RM5.86.
As for the top losers, Nestlé declined RM2.34 to RM93.50, KL Kepong erased 38 sen to RM20.92, Hong Leong Financial gave up 14 sen to RM18.36, Hong Leong Bank reduced 18 sen to RM21.50, and Petronas Gas lost 12 sen to RM17.42.
On the index board, the FBM Emas Index was 20.03 points lower at 12,344.98, the FBM Top 100 Index slipped 21.63 points to 12,179.96, and the FBM Emas Shariah Index shaved off 13.56 points to 12,227.74.
However, the FBM Mid 70 Index went up 23.93 points to 17,750.12 and the FBM ACE Index gained 5.67 points to 4,750.97.
Sector-wise, the Financial Services Index dipped 48.35 points to 19,614.77, the Energy Index edged down 0.07 of a point to 745.83, the Plantation Index weakened 54.98 points to 8,828.00, and the Industrial Products and Services Index added a point to 180.59. — Bernama
Date: 29 June, 2026 2:00 pm
Source: Malay Mail
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