Bursa Malaysia extended its upward momentum to close higher on July 2, underpinned by buying in telecommunications counters and a rebound in heavyweight banking stocks, even as overall market sentiment remained cautious.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.00 points, or 0.3%, to 1,661.83 from its close of 1,656.83 on July 1.
Broader indices delivered a mixed performance, with the FBM 70 falling 131.68 points to 17,784.69, while the FBM Emas inched up 1.55 points to 12,350.67. The FBM Shariah slipped 35.67 points to 12,205.05, while the F4GBM was largely flat, edging up 0.19 points to 1,000.83.
The session reflected a clear divergence between large-cap resilience and weakness across mid- and small-cap segments.
Trading activity remained heavily concentrated in selected speculative stocks, led by Zetrix AI Bhd, which surged 1.5 sen to 78 sen on dominant trading volume of close to 119.3 million shares.
Tanco Holdings Bhd was unchanged at 17.5 sen, while Silver Ridge Holdings Bhd eased 0.5 sen to 17 sen. DagangNeXchange Bhd slipped one sen to 44 sen, while OCR Group Bhd was flat at four sen.
Market participation strengthened, with turnover rising to 2.7 billion shares valued at RM2 billion compared to 2.51 billion shares worth RM2.26 billion in the previous session, reflecting sustained trading interest despite the mixed broader tone.
