From Malay Mail · · 1m 40s
Bursa Malaysia snaps four-day winning streak
Global markets retreat as Bursa Malaysia ends four-day winning streak.
In brief
Global markets retreat as Bursa Malaysia ends four-day winning streak. Bursa Malaysia's key index fell 0.24% to 1,623.70 after four days of gains due to profit-taking and global market declines. Originally reported by Malay Mail.
Bursa Malaysia index retreats
Bursa Malaysia's key index closed lower after four days of gains due to profit-taking in select heavyweight stocks and global market declines.
Global markets decline
The S&P 500 dropped 1.1 per cent, Nasdaq fell 1.9 per cent, and Dow dipped 0.1 per cent.
Regional markets fall
Hang Seng decreased 1.03 per cent, STI Index fell 0.37 per cent, KOSPI Composite Index slipped 7.57 per cent, and Nikkei 225 shed 4.90 per cent.
FBM KLCI closes lower
At 5pm, the FTSE Bursa Malaysia KLCI eased 4.02 points, or 0.24 per cent, to 1,623.70 from yesterday’s close of 1,627.72.
Market activity shifts
Decliners outnumbered gainers 852 to 294, with 485 counters unchanged, 1,212 untraded, and 9 suspended.
Turnover declines
Turnover fell to 3.06 billion units worth RM3.03 billion from 3.25 billion units worth RM3.03 billion yesterday.
Investment strategy insight
IPPFA Sdn Bhd director Mohd Sedek Jantan said Wall Street sell-offs spilt over into Asian markets as investors reassessed AI-related capital expenditure sustainability.
Sector performance
The Financial Services Index increased 2.21 points, while Industrial Products and Services Index fell 3.69 points.
Stock movements
Maybank rose ten sen to RM10.08, Public Bank fell one sen to RM4.74, and CIMB lost two sen to RM7.48.
Bursa Malaysia announcements
Bursa Malaysia announced Omesti Bhd's name change to Tegra Bhd and SMRT Holdings Bhd's transfer to Main Market effective October 20, 2026.
The one thing
Bursa Malaysia's key index fell 0.24% to 1,623.70 after four days of gains due to profit-taking and global market declines.
