The FBM KLCI hovered near its intraday lows as concerns about a broader regional conflict intensified following Iran’s missile attack on Israel. Bursa Malaysia’s benchmark index declined by 16.41 points, or nearly 1%, settling at 1,639.94 as investors sought refuge in lower-risk assets amidst the escalating turmoil.
Throughout the early session, the index fluctuated within a range of 1,637.06 to 1,647.30. The market sentiment was overwhelmingly negative, with 810 stocks declining compared to only 225 advancing. Notably, all but one of the 13 sectors finished in the red, with energy being the sole positive performer, buoyed by rising crude oil prices driven by supply concerns in the Middle East.
The trading volume was 2.44 billion changing hands for RM1.28bil.
