Bursa Malaysia Opens Broadly Lower Following Massive Wall Street Tech Plunge

KUALA LUMPUR, Nov 6 – Bursa Malaysia opened significantly lower on Friday, November 6, 2026, as intense selling pressure swept across local equities following a sharp overnight sell-off on Wall Street triggered by valuation concerns surrounding artificial intelligence (AI) stocks.

At 9:10 AM, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 16.50 points, or 1.0 per cent, to trade at 1,619.36 compared to Thursday’s close of 1,635.86.

The benchmark index had opened 15.31 points lower at 1,620.55.

Market breadth was overwhelmingly negative, with decliners outnumbering gainers 640 to 67, while 155 counters traded unchanged, 1,911 untraded, and 10 suspended. Total market turnover stood at 391.82 million units valued at RM206.90 million.

Out of the 30 FBM KLCI constituent counters, 24 traded lower, four advanced, and two remained unchanged.

Financial and utility heavyweights led the morning decline as investors reacted to global market risk-off sentiment:

• Financial & Heavyweight Decliners: Malayan Banking Bhd (Maybank) and Public Bank Bhd fell six sen each to RM10.10 and RM4.90, respectively. CIMB Group Holdings Bhd dropped eight sen to RM7.07, while Tenaga Nasional Bhd lost 12 sen to RM12.98. IHH Healthcare Bhd bucked the trend, rising five sen to RM7.77.
• Active Trading Counters: Zetrix AI bagged one sen to seven sen. VS Industry Bhd fell two sen to 30 sen, while Supermax Corp Bhd and Dagang NeXchange Bhd trimmed 1.5 sen each to 45 sen and 38.5 sen, respectively. NationGate Holdings Bhd slipped 13 sen to RM1.74.
• Top Market Gainers: Hengyuan Refining Company Bhd firmed eight sen to RM3.13, Petronas Gas Bhd strengthened six sen to RM17.36, Spritzer Bhd gained four sen to RM3.67, while Eco World Development Group Bhd and Hibiscus Petroleum Bhd added two sen each to RM1.92 and RM1.93, respectively.
• Top Technology & Consumer Losers: Semiconductor and technology counters suffered major losses, led by Malaysian Pacific Industries Bhd (MPI), which fell RM2.28 to RM36.60. Nestle (Malaysia) Bhd lost RM1.20 to RM94.80, Kelington Group Bhd dropped 57 sen to RM7.37, ViTrox Corp Bhd dwindled 48 sen to RM10.12, and UWC Bhd shrank 44 sen to RM6.15.

Opening Market Indicators, Sectoral Breakdown, and Index Performance

Key opening market metrics, index board movements, and sectoral readings include:

• FBM KLCI Opening Level: 1,619.36 (-16.50 points or -1.0%; Opening level: 1,620.55).
• Market Breadth & Volume: 67 gainers, 640 decliners, 155 unchanged; Total volume: 391.82 million shares worth RM206.90 million.
• Index Board Summary: FBM Emas Index tumbled 169.54 points to 11,965.30, FBM Top 100 Index plunged 160.67 points to 11,801.66, FBM Mid 70 Index weakened 401.37 points to 16,953.36, FBM Emas Shariah Index contracted 194.27 points to 11,812.83, and FBM ACE Index declined 177.48 points to 5,145.17.
• Sectoral Indices: Financial Services Index slipped 162.77 points to 18,966.14, Plantation Index slumped 52.96 points to 8,731.27, Energy Index fell 12.29 points to 794.18, and Industrial Products and Services Index edged down 3.18 points to 172.07.

–NMT