Bursa Malaysia’s benchmark FBM KLCI fell 6.58 points to 1,713.79 at 9.15 am on Wednesday.
The index slipped from Tuesday’s close of 1,720.37 as profit-taking continued to cap gains, an analyst said.
Source: Bernama · July 23, 2026 at 3:00 PM · AI-assisted report
Single-source
KUALA LUMPUR, 23 JULY 2026 —
The index slipped from Tuesday’s close of 1,720.37 as profit-taking continued to cap gains, an analyst said.
Market Impact
Gainers outpaced losers 237 to 153 while 364 counters were unchanged, 1,993 remained untraded and 23 were suspended. Turnover totalled 280.69 million shares worth RM121.98 million.
Wall Street rebounded overnight, with all three major US indices ending broadly higher on resurgent semiconductor stocks and upbeat corporate earnings that offset geopolitical tensions in West Asia, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said.
The US 10-year Treasury yield edged higher to 4.626% as crude oil prices firmed.
The FBM KLCI dipped to an early low of 1,712 before intermittent bargain-hunting emerged, Thong told Bernama. “As such, we expect the index to trend between 1,715 and 1,730 for the rest of the session,” he said.
Blue-chips weighed on the market. Maybank eased six sen to RM10.96, Public Bank and CIMB Group each fell three sen to RM5.17 and RM7.65, Tenaga Nasional dropped eight sen to RM14.48 and IHH Healthcare declined five sen to RM8.45.
Plantation heavyweights also retreated. Kuala Lumpur Kepong fell 28 sen to RM20.86, United Plantations slid 26 sen to RM33.48, Petronas Dagangan trimmed 12 sen to RM19.38 and SD Guthrie gave up 10 sen to RM6.52.
The FBM Emas Index shed 29.24 points to 12,680.52, the FBMT Top 100 Index fell 35.06 points to 12,503.07 and the FBM Emas Shariah Index eased 14.42 points to 12,530.03.
The FBM Mid 70 Index rose 4.75 points to 18,013.53 and the FBM ACE Index gained 16.30 points to 4,983.16.
By sector, the Financial Services Index slipped 87.26 points to 20,212.87 and the Plantation Index lost 74.72 points to 9,282.28. The Industrial Products and Services Index added 0.56 point to 187.80 while the Energy Index rose 6.55 points to 776.95.
Advancers included Malaysian Pacific Industries, which jumped 56 sen to RM47.40, Fraser & Neave Holdings soared 24 sen to RM29.04, KESM Industries increased 11 sen to RM4.19, Wesports Holdings gained 10 sen to RM6.60 and Petron Malaysia Refining & Marketing climbed nine sen to RM3.65.
Trading in Ahmad Zaki Resources Bhd shares was temporarily halted from 9 am to 10 am.
Related: Bursa Malaysia · Thong Pak Leng