Profit-taking in index heavyweights pulls Bursa Malaysia lower

BURSA Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs).

At 5 pm, the FBM KLCI eased 15.94 points, or 0.98 per cent, to 1,607.76 from Thursday’s close of 1,623.70.

The benchmark index, which opened 1.13 points higher at 1,624.83, moved between 1,602.98 and 1,626.34 throughout the session.

On the broader market, gainers outnumbered decliners 597 to 470, while 518 counters were unchanged, 1,258 untraded and 33 suspended.

Turnover rose 3.13 bil units worth RM3.27 bil from 3.06 bil units worth RM3.03 bil on Thursday.—Oct 16, 2026

 

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