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 Sunway Construction’s FY2025 net profit beat consensus by over 20% Shares climbed to a new all-time high of RM6.57 Strong data centre pipeline driving upside momentum 12 out of 15 analysts maintain a ‘Buy’ recommendation Stock Surges on Strong Earnings Shares of Sunway Construction Group Bhd jumped to a record high on Tuesday after delivering FY2025 earnings more than 20% above market expectations . Intraday high: RM6.57 (+4%) Market cap: RM8.6 billion YTD gain (2026): +14% Analysts swiftly raised earnings forecasts and target prices following the results. Data Centres: The Main Growth Engine The builder continues to benefit from Malaysia’s booming data centre construction wave , driven by demand for: Advanced computing Artificial intelligence infrastructure According to Hong Leong Investment Bank: SunCon targets RM6 billion in new job wins this year Ongoing tenders could provide further upside , espec...