Investor sentiment remained fragile after the Nasdaq fell 2.6% amid renewed doubts about AI investment profitability and financing, says analyst.
Key takeaways
The FBM KLCI closed at an intraday high of 1,611.56, rising 0.21% on selective buying in major stocks. Analysts noted that while the index holding above 1,600 is encouraging, overall market sentiment remains fragile due to global tech sector corrections.
- The FBM KLCI gained 3.42 points to close at 1,611.56, its highest level of the day.
- Market turnover increased to RM2.47 billion, with decliners and gainers nearly equal at 529 and 528 respectively.
- Maybank and Public Bank rose, while IHH Healthcare fell, reflecting mixed performance among heavyweight stocks.
Summarised automatically by AI from the original article by Free Malaysia Today. AI can make mistakes, so check the original for details.
KUALA LUMPUR: Bursa Malaysia ended the week on a flattish note, although the benchmark index managed to finish marginally higher as selective buying in index heavyweights helped offset cautious sentiment ahead of the weekend, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.42 points or 0.21% to end at its intraday high of 1,611.56 from yesterday’s close of 1,608.14.
The index, which opened 0.51 of a point lower at 1,607.63, hit an intraday low of 1,604.38 during the mid-morning trading session.
On the broader market, decliners and gainers were almost even at 529 to 528, while 532 counters were unchanged, 1,312 untraded and 16 suspended.
