Asian markets plunged on Wednesday, led by a dramatic selloff in South Korea, as investors rushed to unwind chipmaker bets amid rising fears that a prolonged Middle East war could trigger a sustained energy shock. South Korea Triggers Circuit Breaker KOSPI Index slumped more than 11%, prompting a circuit breaker. Two-day losses widened to 17% — the steepest since 2009 . The Korean won dropped to a 17-year low , compounding market stress. Elsewhere: Nikkei 225 fell 4.3% Taiwan stocks dropped 3.6% S&P 500 futures slipped 0.6% Key Point: Heavy profit-taking in semiconductor stocks amplified the regional selloff. Chipmakers had been among the hottest trades in recent months, driven by AI demand. Investors are now cashing out of crowded positions. Oil Surge Drives Inflation Fears Brent crude rose more than 13% this week to US$82.08 per barrel. Prices retreated slightly after Donald Trump ordered insurance guarantees for Gulf shipping and signalle...
Bursa Malaysia closed higher on March 3, 2026, with the benchmark index recovering amid selective buying in key large-cap counters.
Key Market Performance
FTSE Bursa Malaysia KLCI rose 0.69% to 1,711.95 points, bringing its year-to-date gain to 1.90%.
Other indices:
FBM Mid 70: +0.25% (YTD +3.30%)
FBM Small Cap: +0.38% (YTD -0.66%)
FBM ACE: +0.15% (YTD -5.28%)
Key Point: Broad-based gains across Bursa indices supported the KLCI’s rebound.
Market Breadth & Trading Activity
Trading activity moderated compared with the previous session:
Total volume: 3.316 billion units (vs 3.882 billion previously)
Total value: RM3.675 billion (vs RM3.903 billion previously)
Gainers: 563
Losers: 610
Unchanged: 515
Although losers slightly outnumbered gainers, gains in selected heavyweights helped lift the benchmark.
Ringgit Performance
As of 5:15pm:
USD/MYR: 3.9433 (YTD +2.96%)
SGD/MYR: 3.0871 (YTD +2.25%)
The ringgit remains under pressure year-to-date against major currencies.
🔟 Top Movers — FBM KLCI
Top gainers included:
Mr D.I.Y. Group (M) Bhd +3.01%
99 Speed Mart Retail Holdings Bhd +2.90%
Press Metal Aluminium Holdings Bhd +1.80%
PETRONAS Chemicals Group Bhd +1.77%
Axiata Group Bhd +1.76%
Top decliners included:
Sunway Bhd -2.46%
IOI Corporation Bhd -1.02%
PETRONAS Gas Bhd -0.89%
Key Point: Gains in retail and commodity-linked counters offset weakness in selected industrial and plantation names.
Most Active Counters
Among the most actively traded stocks:
Pegasus Heights Bhd
Bumi Armada Bhd
Velesto Energy Bhd
Hengyuan Refining Co Bhd
Hibiscus Petroleum Bhd
Energy-linked counters remained in focus amid ongoing oil price volatility.
Top Gainers by Value
Leading gainers included:
Nestle (Malaysia) Bhd
Hong Leong Financial Group Bhd
PETRONAS Dagangan Bhd
Gas Malaysia Bhd
Top Losers by Value
Notable decliners:
Malaysian Pacific Industries Bhd
Panasonic Manufacturing Malaysia Bhd
Sunway Construction Group Bhd
Allianz Malaysia Bhd
Market Outlook
Despite global volatility driven by geopolitical tensions and energy price swings, Bursa Malaysia managed to stage a modest rebound.
However, with oil prices elevated and global inflation concerns resurfacing, market sentiment may remain cautious in the near term.
Overall theme: Selective buying in key heavyweights lifted the FBM KLCI, even as broader market breadth remained mixed.
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