Bursa Malaysia Falls 13.91 Points As Global Risk-Off Sentiment Weighs On Market

Bursa Malaysia ended lower on June 8, pressured by renewed geopolitical tensions in West Asia and weakness in global technology stocks, although the diversified composition of the benchmark index helped cushion steeper losses.

At the closing bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) closed 13.91 points lower at 1,679.52 compared to its closing of 1,693.43 on June 5.

Broader market indices also retreated, with the FBM 70 dropping 289.21 points to 18,010.39, making it the worst-performing key index of the day. The FBM Emas fell 131.98 points to 12,470.08, while the FBM Shariah declined 127.11 points to 12,443.04. The F4GBM slipped 9.74 points to 1,008.31.

Trading activity was dominated by lower-priced stocks, with Zetrix AI Bhd leading the most active list with 96.5 million shares traded, ending half a sen lower at 82 sen. TFP Solutions Bhd surged 2.5 sen to 5.5 sen on turnover of 57.5 million shares, while Top Glove Corporation Bhd gained three sen to 84.5 sen with nearly 50 million shares changing hands.

Hong Seng Consolidated Bhd was unchanged at one sen after 47.2 million shares traded, while VS Industry Bhd ended flat at 21 sen on a volume of 46.3 million shares.

Investor sentiment remained cautious throughout the session as global markets grappled with escalating geopolitical risks and continued selling in technology-related counters, prompting investors to reduce exposure to risk assets across regional markets.

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