Profit-Taking In Heavyweights Keeps FBM KLCI Lower At Closing Despite Tech Rally

KUALA LUMPUR, Nov 4 – Bursa Malaysia ended lower on Wednesday, November 4, 2026, as profit-taking in selected banking and telecommunications heavyweights weighed down the benchmark index, even as broader market sentiment turned positive following buying interest in small-cap technology stocks.

At 5:00 PM, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 5.29 points or 0.32 per cent to close at 1,616.56, down from Tuesday’s close of 1,621.85.

The benchmark index opened 1.46 points higher at 1,623.31, which served as its intraday high, before touching an intraday low of 1,614.34 during mid-afternoon trading.

Despite the drop in the main index, broader market breadth closed positive, with advancers outpacing decliners 645 to 441. A total of 520 counters traded unchanged, 1,155 remained untraded, and 10 were suspended.

Total market turnover expanded to 2.81 billion units valued at RM2.57 billion, compared with Tuesday’s 2.63 billion units valued at RM2.64 billion.

Analysts noted that while external macroeconomic developments continue to trigger short-term market volatility, selective accumulation of fundamentally strong blue-chip stocks should help anchor a gradual recovery.

Heavyweight banking and utility stocks dragged the benchmark index down:

• Maybank: Fell 14 sen to RM9.90.
• CIMB Group: Slipped seven sen to RM6.91.
• Public Bank: Dropped four sen to RM4.77.
• Tenaga Nasional: Erased two sen to RM13.14.
• IHH Healthcare: Perked up two sen to RM7.78.

Technology counters dominated the top gainers’ list following a surge in buying momentum:

• MPI: Surged RM1.12 to RM40.62.
• ViTrox: Advanced 48 sen to RM10.90.
• UWC: Gained 32 sen to RM7.20.
• Pentamaster: Jumped 31 sen to RM5.58.
• Kesm Industries: Rose 21 sen to RM4.65.

Among active counters, Inari Amertron picked up eight sen to RM2.46, while Aizo Group shed half a sen to 6.5 sen and GIIB Holdings lost eight sen to 41.5 sen. MAG Holdings and Zetrix AI closed flat at 15.5 sen and six sen, respectively.

On the losing end, Nestle (Malaysia) fell RM2.38 to RM93.50, Mega Fortris tumbled 33 sen to RM2.54, Fraser & Neave lost 24 sen to RM20.96, Sarawak Oil Palms shed 14 sen to RM5.39, and Mulpha International dropped 12 sen to RM2.55.

Closing Market Indicators, Index Movement, and Market Volume

Key closing figures, board index performance, and market segment volumes include:

• FBM KLCI Closing Level: 1,616.56 (-5.29 points or -0.32%; Intraday Range: 1,614.34 – 1,623.31).
• Market Breadth & Volume: 645 gainers, 441 losers, 520 unchanged; Total volume of 2.81 billion shares worth RM2.57 billion.
• Index Board Movement: FBM Emas (+9.66 to 12,077.98), FBM Top 100 (+5.23 to 11,885.08), FBM Mid 70 (+192.35 to 17,511.25), FBM Emas Shariah (+59.52 to 12,104.43), and FBM ACE (+101.74 to 5,420.78).
• Sectoral Indices Performance: Financial Services dropped 130.60 points to 18,586.31 and Plantation fell 7.77 points to 8,761.88; Industrial Products & Services added 0.63 of a point to 178.21 and Energy inched up 0.92 of a point to 827.92.
• Market Breakdown Volume: Main Market volume stood at 1.49 billion units worth RM2.30 billion; ACE Market volume reached 426.08 million units valued at RM165.95 million; Warrants turnover reached 899.12 million units worth RM104.16 million.

–NMT