Bursa Malaysia Snaps Two-Day Winning Streak To Close Lower On Selling In Heavyweights

KUALA LUMPUR, Oct 29 – Bursa Malaysia snapped a two-day winning streak to close lower on Thursday afternoon, October 29, 2026, aligning with broad regional market declines as sustained selling pressure in heavyweight blue-chip counters weighed on overall sentiment.

At the 5:00 PM closing bell, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.71 points, or 0.17 percent, to settle at 1,611.16 compared to Wednesday’s closing level of 1,613.87.

The key index opened 0.57 of a point higher at 1,614.44 and fluctuated between an intraday low of 1,608.25 and an intraday high of 1,625.46 throughout the trading session.

Market breadth across the broader exchange remained negative, as losing counters outpaced gainers 574 to 443, while 559 counters closed unchanged, 1,301 traded untraded, and 161 were suspended.

Total trading turnover shrank to 2.95 billion units valued at RM2.43 billion, compared to 3.16 billion units worth RM2.28 billion recorded on Wednesday.

Heavyweight Stock Movement, Top Market Performers, and Sector Breakdown

Key individual stock performances, active trading trends, and sector index movements at market close include:

• Heavyweight Stock Declines: Heavyweight counters faced selling pressure, led by Nestle (down RM2.08 to RM95.90), CIMB (dropping 22 sen to RM6.89), Petronas Chemicals (losing 15 sen to RM4.57), MISC (shedding nine sen to RM8.20), and Sunway Bhd (sliding five sen to RM4.30).
• Active Counter Volume: In active trade, Top Glove bucked the trend to rise two sen to 99 sen. Meanwhile, Zetrix AI and Nexgram slipped half a sen each to eight sen and five sen, Ni Hsin plunged 13 sen to 37 sen, and GIIB Holdings sank 17 sen to 54 sen.
• Top Market Gainers: Allianz Malaysia spearheaded top gainers, jumping 40 sen to RM19.64, followed by Batu Kawan (up 20 sen to RM19.50), TMK Chemical (advancing 18 sen to RM3.15), and Kee Ming alongside Kobay Technology (both adding 13 sen to RM2.90 and RM2.40, respectively).
• Top Market Losers: Mega Fortris led market decliners, slumping 71 sen to RM2.74, followed by Malaysian Pacific Industries (dipping 64 sen to RM41.50), United Plantations (erasing 32 sen to RM29.00), and Kelington (losing 12 sen to RM8.56).
• Key Index Figures: The FBM Emas Index fell 11.38 points to 12,055.89, the FBM Top 100 Index dropped 8.32 points to 11,850.96, and the FBM ACE Index lost 34.76 points to 5,447.16. Conversely, the FBM Emas Shariah Index edged up 3.14 points to 12,084.28, and the FBM Mid 70 Index added 36.10 points to 17,484.12.
• Sector Index Movements: Major sector indices ended in negative territory, led by the Financial Services Index (down 41.30 points to 18,537.94), the Plantation Index (losing 9.93 points to 8,636.90), the Energy Index (shedding 2.01 points to 844.36), and the Industrial Products and Services Index (down 1.64 points to 177.39).
• Market Segment Volume: Main Market turnover narrowed to 1.57 billion units worth RM2.16 billion; Warrants volume decreased to 967.96 million units worth RM122.01 million; ACE Market volume improved to 408.81 million units valued at RM154.11 million.

–NMT