KUALA LUMPUR, May 8 (Bernama) -- Bursa Malaysia snapped a five-day rally to close lower on Friday on profit-taking and in line with weaker global markets as renewed military developments between the United States and Iran hurt risk appetite, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.79 points, or 0.61 per cent, to its intraday low of 1,748.06 from Thursday’s close of 1,758.85. The benchmark index, which opened 0.78 of-a-point lower at 1,758.07, moved to its intraday high of 1,760.19 in early trade before succumbing to selling pressure in late trading. Market breadth was negative with losers beating gainers 708 to 451. A total of 586 counters were unchanged, 907 untraded, and nine suspended. Turnover eased to 3.31 billion units worth RM3.00 billion compared with 3.78 billion units worth RM4.24 billion yesterday.
A sharp rally in US AI software stocks is reinforcing investor confidence in the commercialisation phase of artificial intelligence , with institutional capital positioning for further upside — particularly in Microsoft . AI Software Stocks Surge on Earnings Strength The sector saw strong gains following robust earnings, highlighting growing monetisation of AI investments : Datadog +35% Snowflake +10% MongoDB +12% Cloudflare surged The rally signals a shift from AI infrastructure spending toward real revenue generation , boosting sentiment across software names. Large Options Trade Signals Bullish Outlook on Microsoft Institutional investors executed a significant bull call spread strategy on Microsoft: Bought 26,160 contracts of $500 calls (Nov 2026) Sold 26,160 contracts of $575 calls Net premium: ~US$26.8 million With Microsoft trading near US$425 , the structure implies expectations for gradual up...