Bursa Malaysia opens lower tracking Wall Street losses
Bursa Malaysia opened 1.93 points lower at 1,735.22 before slipping a further 2.4 points, or 0.14%, to 1,734.75 by 9.20am after Wall Street’s overnight losses spilled into the regional session.
Source: The Star · August 7, 2026 at 3:28 AM · AI-assisted report
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BURSA MALAYSIA, 7 AUGUST 2026 —
Bursa Malaysia opened 1.93 points lower at 1,735.22 before slipping a further 2.4 points, or 0.14%, to 1,734.75 by 9.20am after Wall Street’s overnight losses spilled into the regional session.
Wall Street’s three major indexes fell on Thursday, with the Dow Jones Industrial Average down 0.85% to 53,885.10, the S&P 500 down 0.18% to 7,709.96 and the Nasdaq Composite down 0.06% to 26,348.35, according to closing prices.
The FBM KLCI’s 0.14% decline followed overnight losses in the MSCI World Index and left the benchmark 10.75 points below its prior close of 1,745.50, according to trading data.
Domestic turnover was light at RM320 million, with Malaysian Pacific Industries Bhd the biggest laggard, falling 46 sen to RM47.20, followed by United Plantations Bhd which shed 42 sen to RM33.78.
Pentamaster Corp Bhd eased 24 sen to RM5.47 while Kuala Lumpur Kepong Bhd declined 20 sen to RM21.40. On the gainers side, Tong Herr Resources Bhd jumped 50 sen to RM2.40, YTL Power International Bhd added 20 sen to RM4.57, Heineken Malaysia Bhd rose 14 sen to RM17.24 and Press Metal Aluminium Holdings Bhd gained 13 sen to RM8.12.
Rakuten Trade Sdn Bhd expects the FBM KLCI to trade between 1,730 and 1,745 today as investors await the latest U.S. unemployment data due after New York close.
Berjaya Research Sdn Bhd said the index may enter a consolidation phase after its recent run-up as investors assess gains accumulated over the past sessions and await fresh catalysts.
“Technically, the key index has formed a bearish candlestick and could enter a consolidation phase,” the research house said. “The immediate resistance levels are at 1,756 points, followed by 1,770 points. Near-term support levels are pegged at 1,720 points and 1,711 points.”
It added that domestic conditions remain supportive with resilient economic activity, sustained foreign fund inflows and improving corporate earnings prospects offsetting caution ahead of tonight’s U.S. payrolls report.
The U.S. non-farm payrolls data is expected to shape expectations for the Federal Reserve’s policy path and influence sentiment across regional equity markets, Berjaya Research said.
Related: Rakuten Trade · Bursa Malaysia
Malaysia Impact
The US employment data release could impact the Malaysian stock market, with a strong data release potentially leading to increased expectations of a rate hike and negatively impacting equity markets, while a weaker-than-expected data release could lead to increased expectations of a rate cut and positively impact equity markets.