Profit-Taking In Banking And Telecom Heavyweights Keeps Bursa Malaysia Lower At Midday

KUALA LUMPUR, Nov 4 – Bursa Malaysia remained in negative territory at midday on Wednesday, November 4, 2026, as profit-taking in selected banking and telecommunications heavyweights continued to weigh on the benchmark index, matching cautious trends across regional markets.

At the 12:30 PM lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.42 points or 0.14 per cent to 1,619.43, down from Tuesday’s close of 1,621.85.

The key index opened 1.46 points higher at 1,623.31—which marked the intraday high—before dipping to an intraday low of 1,616.00 during early trading.

Market breadth remained negative as decliners comfortably outpaced advancers 534 to 313, with 493 counters unchanged, 1,421 untraded, and 10 suspended. Midday trading volume stood at 1.29 billion units valued at RM862.40 million.

Financial sector heavyweights led the morning decline. Malayan Banking Bhd (Maybank) dropped seven sen to RM9.97, CIMB Group Holdings Bhd slipped six sen to RM6.92, and Public Bank Bhd declined three sen to RM4.78. Tenaga Nasional Bhd lost four sen to RM13.12, while IHH Healthcare Bhd bucked the trend by gaining four sen to RM7.80.

Among active counters, Aizo Group Bhd and MAG Holdings Bhd traded flat at seven sen and 15.5 sen, respectively. Land & General Bhd and Velesto Energy Bhd fell half a sen each to 18 sen and 17.5 sen, while Zetrix AI picked up half a sen to 6.5 sen.

Concrete Engineering Products Bhd topped the gainers list, surging 40 sen to RM4.70. United Plantations Bhd added 32 sen to RM30.20, Hong Leong Financial Group Bhd rose 16 sen to RM17.64, Malayan Cement Bhd advanced 14 sen to RM5.44, and MISC Bhd gained 13 sen to RM8.48.

On the losing side, Fraser & Neave Holdings Bhd slid 48 sen to RM20.72, Nestle (Malaysia) Bhd erased 20 sen to RM95.68, Dutch Lady Milk Industries Bhd fell 18 sen to RM28.72, Sunway Construction Group Bhd dropped 13 sen to RM7.59, and Sarawak Oil Palms Bhd gave up 11 sen to RM5.42.

Midday Market Metrics, Index Board Performance, and Sectoral Summary

Key midday market indicators, sectoral performance, and index movements include:

• FBM KLCI Midday Level: 1,619.43 (-2.42 points or -0.14%; Session range: 1,616.00 – 1,623.31).
• Market Breadth & Volume: 534 losers, 313 gainers, 493 unchanged; Total volume: 1.29 billion shares worth RM862.40 million.
• Index Board Movement: FBM Emas (-18.72 to 12,049.60), FBM Top 100 (-13.02 to 11,866.83), FBM ACE (-28.60 to 5,290.44), FBM Mid 70 (+0.83 to 17,319.73), and FBM Emas Shariah (+6.92 to 12,051.83).
• Sectoral Indices: Financial Services dropped 74.38 points to 18,642.53, Energy fell 5.73 points to 821.27, Industrial Products & Services eased 0.05 points to 177.53, while Plantation gained 17.93 points to 8,787.58.

–NMT