Bursa Malaysia closed higher on June 10, outperforming some regional peers as global risk-off sentiment driven by weakness in technology stocks and rising geopolitical tensions in West Asia prompted a shift into more defensive and domestic-focused counters.
At the closing bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.46 points to 1,678.96, up from the close of1,675.50 on June 9, with buying interest concentrated in selected blue chips.
Broader market performance, however, was mixed as the FBM 70 slipped 49.88 points to 17,951.89, while FBM EMAS edged up 4.52 points to 12,456.48 and F4GBM rose 1.54 points to 1,008.81. The FBM SHA index declined 18.89 points to 12,416.49, reflecting continued volatility in mid- and small-cap segments.
Market activity remained robust, with 3.97 billion shares traded worth RM2.73 billion as trading was dominated by heavily traded low-priced and thematic stocks.
Hong Seng Consolidated Bhd topped the most active list with over 826 million lots traded with the counter closed half-a-sen lower at one sen, while Zetrix AI Bhd extended gains on sustained interest, gaining two sen to 84.5 sen with 199.2 million shares traded. VS Industry Bhd and Capital A Bhd also saw active participation, while SFP Tech Holdings Bhd eased amid profit-taking.
Analysts said the local market’s relative strength was supported by rotation into defensive sectors, as investors reacted to weakness in global tech sentiment and heightened geopolitical uncertainty, which kept risk appetite uneven across the region.
