KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Boycott pressure remains a key overhang on Berjaya Food Bhd , despite recent operational improvements Losses are expected to persist for several years , according to CIMB Securities Same-store sales improved , but competition and rising costs could weaken 2HFY2026 “Reduce” rating maintained with a target price of 20 sen What CIMB Is Saying CIMB Securities warned that ongoing local and nationwide boycotts continue to cloud Berjaya Food’s outlook, even as the group posted narrower quarterly losses . While 1HFY2026 results met expectations , the research house expects a weaker 2HFY2026 , citing: Intensifying competition in the F&B space Higher operating expenses , particularly from marketing and promotions needed to defend market share Key risk: Any aggressive promotional push could further strain margins . Financial Snapshot (2QFY2026) Net loss: RM11.9m (vs RM14.6m in 1...