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 Big Tech plans ~US$650B in capital spending for 2026 , driven by the AI race Alphabet, Amazon, Meta, and Microsoft are building massive data-centre capacity Spending rivals 19th-century railroads and the 1990s telecom boom Investors are uneasy about execution risks, bottlenecks, and returns What’s Driving the Spending Surge Four US tech giants — Alphabet , Amazon , Meta Platforms , and Microsoft — are racing to dominate AI by pouring cash into data centres, AI chips, networking gear, and power infrastructure . Total 2026 capex forecast: ~US$650 billion , up ~60% year-on-year — a scale unseen this century. Analysts compare the moment to the telecom bubble , US railroad build-out , or post-war highway spending . Eye-Popping Company Plans Meta: Up to US$135B in 2026 capex ( ~+87% ) Microsoft: ~US$105B for FY ending June (Q2 capex +66% YoY ) Alphabet: ...