KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
Wall Street Summary
- S&P 500 (-0.47%) and Nasdaq (-1.35%) fell, while Dow Jones (+0.37%) managed to stay in positive territory.
- Tech stocks tumbled due to weak consumer confidence, Tesla’s poor sales data, and a crypto pullback.
- Bitcoin dropped 4% after reaching $90K, while MicroStrategy slid 11% after increasing its Bitcoin purchases.
- Tesla fell 8% due to a 50% drop in sales in the UK & Europe since early 2025.
- Super Micro Computer surged 23% in after-hours trading after filing reports to avoid delisting from Nasdaq.
- Nvidia remains under pressure ahead of its earnings report.
Bursa Malaysia Insight
- FBM KLCI (-1.02%) plunged to a 3-week low as over 900 stocks declined, reflecting weak market sentiment.
- Losers outpaced gainers 4:1, with high trading volume of 3.14 billion shares worth RM2.65 billion.
- Only the Transportation & Logistics Index ended in the green.
Stocks to Watch
- Eco World Development sells land for RM266.1 million and partners with Pearl Computing Malaysia (affiliated with Google) to build a data center.
- Nestlé Malaysia's net profit dropped 72.2% YOY to RM41.1 million, the lowest in 11 years, due to rising costs and weaker sales.
- Affin Bank's Q4 profit tripled to RM135.1 million, with a bonus issue of 1 new share for every 18 existing shares.
- Telekom Malaysia (TM) saw a 68.5% surge in net profit, supported by tax credit recognition.
Summary:
- Tech stocks slump ahead of Nvidia earnings, dragging down Nasdaq and Bitcoin.
- Bursa Malaysia suffers a broad sell-off, with over 900 stocks declining.
- Super Micro jumps 23% after avoiding Nasdaq delisting.
- Key stocks to watch: Nestlé (profit drop), Affin (strong earnings), TM (profit surge), Eco World (Google-linked data center).
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