Bursa Malaysia slips 0.12% as tech rout deepens
Bursa Malaysia closed 0.12% lower on Wednesday as profit-taking after Tuesday’s gains compounded losses in technology and semiconductor stocks, pushing the FBM KLCI down 2.04 points to 1,731.32.
Source: The Star · August 19, 2026 at 10:27 AM · AI-assisted report
Single-sourceJOHOR, 19 AUGUST 2026 —
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Bursa Malaysia closed 0.12% lower on Wednesday as profit-taking after Tuesday’s gains compounded losses in technology and semiconductor stocks, pushing the FBM KLCI down 2.04 points to 1,731.32.
Market Impact
The index spent the session within a 7.49-point range, touching an intraday high of 1,733.44 and a low of 1,725.95. Turnover reached 3.31 billion shares worth RM2.93 billion, with 700 counters declining against 478 advances. Dealers said investors were trimming positions after the previous day’s advance, while ongoing declines in tech and chip stocks added to the selling pressure.
Regional markets were mostly weaker, with Japan’s Nikkei 225 losing 3.16%, South Korea’s Kospi down 5.08% and China’s CSI 300 falling 2.9%. Hong Kong’s Hang Seng Index bucked the trend, rising 0.09%.
Sentiment stayed cautious, traders said, as corporate earnings continued to drive stock-specific moves. “Investors are likely to remain selective, focusing on quarterly results and fresh catalysts for direction,” a Kuala Lumpur dealer said.
Technology and semiconductor names led the declines. Malaysian Pacific Industries fell RM1.92 to RM46.10, MI Technovation dropped 20 sen to RM6.25, Unisem lost 16 sen to RM4.24, Pentamaster dropped 15 sen to RM5.30 and Frontken shed 11 sen to RM5.08.
Other heavyweights also retreated. United Plantations fell 60 sen to RM32, Heineken declined 22 sen to RM16.30 and Johor Plantations lost 17 sen to RM1.88. Among gainers, Batu Kawan rose 44 sen to RM21, Dutch Lady added 44 sen to RM31.94, Nestlé gained 30 sen to RM104 and Ayer advanced 25 sen to RM7.50.
The ringgit eased 0.07% against the US dollar to 4.0625 and slipped 0.14% versus the Singapore dollar to 3.1820.
Traders expect the FBM KLCI to trade within a tight range until clearer cues emerge from regional peers and fresh corporate updates. The benchmark has now fallen in three of the past five sessions, unwinding part of the gains recorded earlier in the month.
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