KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday.
Northeast Group Bhd surged as much as 15% to a record high after delivering a stronger-than-expected quarterly result, reinforcing investor optimism around the ongoing AI and semiconductor boom. Key Takeaways 2QFY2026 net profit jumped 104% YoY to RM12.34 million Revenue surged 41% YoY to RM35.61 million Factories are operating at near full capacity Research houses maintained “Buy” calls and raised target prices AI-driven demand for fibre optics, semiconductors, and optical components continues to support growth Why Investors Are Excited Northeast is increasingly seen as an indirect AI infrastructure play. The company manufactures precision engineering components used in: Photonics Semiconductors Telecommunications Optoelectronics Electronics manufacturing According to analysts, the company is now moving from qualification stages into mass production for components linked to AI infrastructure supply chains. A major positive catalyst is its...