Tech Leads Bursa Gains While Defensive Stocks Weigh On Sentiment

Bursa Malaysia ended the trading session on a mixed note as decliners narrowly edged gainers, powered by semiconductor strength offsetting continued pressure on consumer staples and blue chips.

At the close, industrial and technology-linked names led the gainers, with Malaysian Pacific Industries topping the list, rising RM1.26 to RM42.26 on solid investor participation.

UMS-Integration Limited also advanced strongly, climbing 88 sen to RM8, reflecting sustained interest in electronics manufacturing services.

Other notable gainers included Hong Leong Industries Bhd, which gained 40 sen to RM19.30, and Kelington Group Bhd, up 33 sen to RM6.53 on one of the highest volumes of the session.

UWC Bhd added 25 sen to RM5.73, extending its upward momentum in line with broader semiconductor supply chain strength.

On the decliners’ side, defensive and index-linked counters saw mild profit-taking. Nestlé Malaysia slipped RM1.46 to RM99.74, while Batu Kawan Bhd eased 32 sen to RM21.08.

Plantation-linked names also softened, with Petronas Dagangan Bhd down 26 sen to RM20.32, Hong Leong Bank Bhd slipping 24 sen to RM22.10, and United Plantations Bhd falling 22 sen to RM30.30.

Despite pockets of tech buoyancy, sentiment remained cautious as investors rotated into semiconductors while trimming defensive exposure, leaving the market in narrow split territory at close.

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