Bursa Malaysia ended the week on a weaker note, with the benchmark FBM KLCI falling 21.27 points to close at 1,701.02 on Friday as renewed concerns over US tariff developments and continued selling in heavyweight banking stocks outweighed gains in selected sectors.
The local bourse began the week on a soft footing, with the FBM KLCI declining 9.16 points to 1,722.29 on Monday as investors locked in profits on banking heavyweights despite broader market breadth remaining positive.
Selling pressure persisted on Tuesday, with the benchmark easing a further 1.92 points to 1,720.37. Losses in plantation and PETRONAS-linked counters offset strong buying interest in technology and semiconductor stocks, leaving Bursa lagging regional peers.
Trading turned cautious on Wednesday as firmer crude oil prices lent support to energy-related stocks. The benchmark hovered around the 1,711-point level before ending the session near the 1,711-1,712 range.
Sentiment briefly improved on Thursday as bargain hunting and stronger regional markets helped the FBM KLCI snap a three-day losing streak. The benchmark rose 3.22 points, or 0.19%, to close at 1,714.59.
However, the rebound proved short-lived as fresh concerns over US tariff measures triggered broad-based selling on Friday. The FBM KLCI dropped 13.57 points, or 0.79%, to finish at 1,701.02, with losers outnumbering gainers 723 to 339. Market turnover stood at 3.03 billion shares valued at RM2.30 billion.
The weakness was reflected across most broader indices on the final trading day. The FBM Emas Index fell 68.19 points to 12,589.54, the FBM Top 100 Index declined 69.90 points to 12,411.96, the FBM ACE Index slipped 42.21 points to 4,926.87 and the FBM Emas Shariah Index lost 52.03 points to 12,444.26.
Among sectoral indices, the Financial Services Index was the biggest drag, tumbling 153.60 points to 20,057.11, while the Plantation Index bucked the broader trend by climbing 60.71 points to 9,300.98.
