Kuala lumpur: Bursa Malaysia experienced a pullback as investors engaged in profit-taking on selected heavyweights, taking advantage of Friday's sharp rally to secure short-term gains. The FTSE Bursa Malaysia KLCI (FBM KLCI) decreased by 6.37 points, or 0.42%, closing at 1,526.98 compared to last Friday's close of 1,533.35. The index opened 3.07 points lower at 1,530.28, fluctuating between 1,522.96 and 1,530.28 throughout the session.
According to BERNAMA News Agency, turnover declined to 2.63 billion units worth RM1.94 billion, down from 3.16 billion units worth RM2.23 billion last Friday. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, noted that the FBM KLCI remains in a consolidation phase following strong upward momentum, as investors continue to adjust to evolving global macroeconomic signals.
Utilities and banking counters faced pressure, contributing to the index's modest pullback. Mohd Sedek described the situation as reflective of selective repositioning rather than broad-based risk aversion. He maintains a constructive outlook, driven by optimism surrounding the recently announced 13th Malaysia Plan (13MP), which aims to lay the groundwork for long-term structural reforms.
Additionally, the reduction in US trade tariffs has eased near-term geopolitical uncertainty and supported a more stable macro backdrop for Malaysian equities. Mohd Sedek also anticipates that the market will increasingly factor in the potential for a Federal Reserve interest rate cut at the upcoming Federal Open Market Committee meeting.
Among the heavyweights, Maybank dropped six sen to RM9.54, Public Bank decreased by five sen to RM4.24, Tenaga Nasional fell 14 sen to RM13.16, CIMB declined by four sen to RM6.75, while IHH Healthcare increased by two sen to RM6.70. In terms of active counters, Trive Property rose by half-a-sen to 1.5 sen, while Inari Amertron declined 14 sen to RM1.99, Magma fell three sen to 38.5 sen, Zetrix AI decreased by 2.5 sen to 87 sen, and Tanco dropped two sen to 82 sen.
Top gainers included Nestle, advancing RM1.18 to RM88.98, Fraser and Neave gaining 38 sen to RM29, Petronas Gas rising 24 sen to RM18.12, and Ralco Corp surging 14.5 sen to RM1.11. On the other hand, top losers included Malaysian Pacific Industries, which slumped 46 sen to RM19.88, Hong Leong Bank slipping 24 sen to RM18.90, and Petronas Dagangan trimming 20 sen to RM21.42.
Across the broader market, the FBM Emas Index dropped 52.51 points to 11,472.82, the FBMT 100 Index decreased 52.03 points to 11,233.60, and the FBM Emas Shariah Index slipped 47.55 points to 11,493.21. The FBM 70 Index tumbled 99.61 points to 16,614.26, while the FBM ACE Index edged up by 5.00 points to 4,629.37.
By sector, the Financial Services Index shrank 115.64 points to 17,364.56, the Industrial Products and Services Index decreased by 1.12 points to 158.02, the Plantation Index shed 0.52 of-a-point to 7,370.45, and the Energy Index erased 9.81 points to 739.79. The Main Market volume declined to 1.51 billion units valued at RM1.73 billion from 1.97 billion units valued at RM1.98 billion last Friday.
Warrants turnover fell to 824.19 million units worth RM117.88 million from 895.32 million units worth RM143.46 million previously. However, the ACE Market volume improved to 290.27 million units worth RM97.82 million from 289.60 million units worth RM108.93 million on Friday.
Consumer products and services counters accounted for 192.04 million shares traded on the Main Market, industrial products and services for 195.89 million, construction for 154.55 million, technology for 245.39 million, financial services for 51.55 million, property for 201.98 million, plantation for 22.81 million, REITs for 32.68 million, energy for 198.14 million, healthcare for 119.63 million, telecommunications and media for 32.24 million, transportation and logistics for 32.54 million, utilities for 34.92 million, and business trusts for 144,300.