Bursa ended the holiday-shortened trading week on a positive note, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rising 10.36 points, or 0.62%, to 1,693.43 on Friday from 1,683.07 at the close on May 29, supported by bargain hunting in selected blue-chip counters despite persistent volatility in regional markets.
The local bourse experienced a mixed start to the week. On Tuesday, the FBM KLCI initially climbed above the 1,688 level after investors returned from the long weekend, with construction stocks leading gains and newly listed Bus Cap Bhd attracting strong interest. However, profit-taking in banking and telecommunications heavyweights later erased those gains, sending the benchmark down 10.33 points to 1,672.74.
Sentiment improved on Thursday as easing geopolitical tensions in the Middle East and softer oil prices lifted risk appetite. The FBM KLCI rebounded 10.52 points to 1,683.26, supported by gains in plantation and selected blue-chip counters despite mixed performance across broader market indices.
The positive momentum carried into Friday, with investors taking cues from Wall Street’s record close and selectively accumulating oversold stocks. The index briefly approached the 1,700-point mark, touching an intraday high of 1,698.53 before settling at 1,693.43.
Trading activity remained robust throughout the week, driven largely by retail participation in lower-liner and speculative counters. Among the most actively traded stocks were Bus Cap, Pharmaniaga, VS Industry, Zetrix AI, Hong Seng Consolidated, GIIB Holdings and CBH Engineering.
Sector-wise, construction and consumer-related stocks emerged among the stronger performers during the week, while banking and telecommunications counters weighed on sentiment earlier in the period.
