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.
Shares of Synergy House Bhd slid sharply on Thursday after the furniture exporter posted a 75% collapse in quarterly earnings , underscoring the deepening impact of US tariffs on Malaysian furniture makers. The results came in well below expectations , according to Tradeview Research, the only research house covering the counter. The firm noted that order recovery — especially in the B2B segment — has been significantly slower than anticipated, while tariff pressures have lasted longer than initially projected. Stock Hits Three-Month Low Synergy House fell as much as 12% to 33.5 sen , the lowest level in three months, before stabilising at 34 sen . Trading volume exceeded 1.1 million shares , valuing the company at RM170 million at the last traded price. Tariffs to Keep Squeezing Margins Tradeview cautioned that even though festive demand may help lift the coming quarter, the near-term outlook remains challenging . ...