Bursa Malaysia Lower At Midday On Profit-taking

Barnama

26-05-2025

KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia ended the morning session lower, dragged down by profit-taking in selected heavyweights amid a broadly weaker regional market performance following a Wall Street selloff overnight.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.23 points, or 0.21 per cent, to 1,532.15 from Friday's close of 1,535.38.
The benchmark index opened 0.95 of-a-point higher at 1,536.33, and fluctuated between 1,530.75 and 1,537.27 throughout the morning session.
Market breadth was negative with 554 decliners and 248 gainers, while 429 counters were unchanged, 1,199 untraded and 42 suspended.
Turnover stood at 2.04 billion shares valued at RM792.32 million.
Hong Leong Investment Bank Bhd in a note today said the FBM KLC is expected to remain choppy in the near term as investors stay cautious during the corporate earnings climax this week, compounded by renewed foreign net outflows.
'Sentiment is likely to stay soft amid rising fears that a tariff-driven global slowdown could undermine Malaysia's economic momentum and corporate earnings.
'Caution is likely to persist until a clear and sustainable trade agreement is reached between the US and its key partners, including Malaysia,' it said.
The investment bank said sentiment was further dampened by concerns over widening US fiscal deficit, erratic US trade policies, and the US Federal Reserve's data-dependent approach to interest rate decisions, all set against a backdrop of rising recession or stagflation risks.