Bursa Malaysia falls 1.17 per cent as selling spreads
Declining stocks outnumbered gainers 964 to 273, while trading value eased to RM3.49 billion.
Malaysia’s benchmark FBM KLCI finished November 6 at 1,616.58, down 19.28 points, or 1.17 per cent, as widespread selling followed losses across regional markets and a sharp overnight fall on Wall Street.
The index’s opening level of 1,620.55 was also its highest point for the session. It later touched 1,610.80. Across the exchange, 964 stocks declined and 273 advanced, with another 404 unchanged.
Trading volume slipped to 3.64 billion units, with transactions worth RM3.49 billion. Thursday’s session recorded 3.74 billion units and RM3.61 billion in value.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama he retained a cautiously optimistic view, pointing to domestic economic fundamentals and corporate earnings prospects. He attributed the weakness largely to external uncertainty rather than worsening conditions at home. Thong also cited Bank Negara Malaysia’s decision to hold its Overnight Policy Rate at 2.75 per cent and its expectation that economic growth would exceed five per cent in 2026.
Among heavyweight shares, Maybank finished at RM10.12 after losing four sen, while CIMB dropped nine sen to RM7.06. Public Bank closed at RM4.90 and Tenaga Nasional at RM13.04, both six sen lower. Fraser & Neave moved against the broader decline, gaining RM1.00 to RM22.22, while United Plantations added 28 sen to RM30.38.
