Bursa Malaysia ends in red before long weekend as FBM KLCI drops 15.84 points
Bursa Malaysia closed in the red ahead of the long weekend, with the FBM KLCI falling 15.84 points, or 0.91%, to 1,725.88.
Source: The Star · August 28, 2026 at 11:31 AM · AI-assisted report
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KUALA LUMPUR, BURSA MALAYSIA, 28 AUGUST 2026 —
Bursa Malaysia closed in the red ahead of the long weekend, with the FBM KLCI falling 15.84 points, or 0.91%, to 1,725.88.
Market Impact
Selling pressure drove the 30-stock index to an intraday low of 1,715.91 before late bargain-hunting pared losses. For the week, the gauge slipped 0.61%, while recording a marginal 0.05% gain for the month.
Market breadth turned negative, with 917 losers outweighing 405 gainers. A dealer said sentiment remained cautious ahead of the holiday break, with investors trimming positions amid a lack of fresh catalysts.
“Sentiment remained cautious ahead of the long weekend, with investors trimming positions amid a lack of fresh catalysts,” the dealer said. “The market has struggled to sustain gains this week, but late buying helped the index recover from its low.”
Trading activity surged to a five-billion-share high. Turnover reached 5.06 billion shares worth RM6.51 billion, the busiest session since last week’s 4.28 billion shares.
Among heavy decliners, Nestlé fell RM2.90 to RM100.10, Malaysian Pacific Industries lost RM1.26 to RM41.56, MISC dropped 56 sen to RM7.92 and Carlsberg shed 42 sen to RM14.36.
On the upside, United Plantations rose 66 sen to RM31.94, Spritzer added 33 sen to RM3.55, MBM Resources gained 26 sen to RM5.30 and Mega Fortris climbed 19 sen to RM2.30.
Zetrix AI led the decliners, plunging 30 sen, or 50.42%, to 29.5 sen after hitting limit-down. It was the most active counter with 1.05 billion shares traded. Bursa Malaysia Securities issued an unusual market activity query to the company on Aug 28 over the price slide and heavy volume.
Maybank ranked second in turnover, rising six sen to RM10.68 on 107.8 million shares traded.
The ringgit firmed 0.26% against the US dollar at 4.0225 and gained 0.14% versus the Singapore dollar at 3.1663.
Regionally, MSCI’s Asia ex-Japan index fell 0.02%, with markets mixed: Japan’s Nikkei 225 advanced 0.41% to 66,405.56, Hong Kong’s Hang Seng rose 0.07% to 25,584.79, China’s CSI300 slipped 0.46% to 4,609.18, South Korea’s Kospi fell 1.79% to 6,788.88 and Singapore’s Straits Times Index declined 0.07% to 5,680.04.