Bursa Malaysia slips amid cautious sentiment
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.08 per cent or 1.27 points to end at 1,524.59, down from its previous close of 1,525.86.
Market breadth was negative, with 606 losers outpacing 341 gainers, while 506 counters remained unchanged.
UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the marginal dip followed investors' reaction to the Malaysian Anti-Corruption Commission's Op Ways probe, which was launched last Thursday over alleged corruption tied to a data centre project tender.
"Despite initial concerns, the impact of the investigation appears confined to selected counters, with no sign of broader market contagion.
"This was underscored by today's market performance, where stocks linked to data centres, telecommunications and industrials ranked among the leading gainers, indicating that investor sentiment towards these sectors remains fundamentally resilient," he said.
Sedek noted that investors are likely to take a more selective approach, re-evaluating their positions within the data centre and technology sectors instead of opting for widespread sell-offs.
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