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 Microsoft sinks on Azure growth concerns Meta rallies on strong earnings and AI confidence AI capex expectations are reshaping valuations Guidance matters more than headline beats A volatile Wall Street session saw Big Tech earnings dominate market moves , with a sharp sell-off in Microsoft dragging the Nasdaq lower, even as peers like Meta Platforms and IBM rallied strongly. What’s Driving the Market Nasdaq fell over 2% , led by a steep Microsoft decline Investors punished slowing cloud growth , despite earnings beats AI spending remains a key theme , but expectations are rising even faster Biggest Stock Movers Microsoft (MSFT) -11% , despite beating earnings and revenue estimates Azure growth slowed to 39% , with Q3 guidance below expectations Key concern: Cloud momentum may be peaking Meta Platforms (META) +7.8% after beating Q4 earnings and revenue 2026 capex could reach US$135B , nearly double last year Marke...