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 Gas Malaysia fell 5.3% to RM4.50 , hitting a one-month low FY2025 net profit came in below estimates Maybank IB trims FY2026–2027 forecasts Dividend yield around 5% offers downside support Earnings Miss Weighs on Sentiment Shares of Gas Malaysia Bhd dropped 25 sen to RM4.50 after its quarterly results fell short of expectations. For 4QFY2025: Net profit: RM87 million FY2025 net profit: RM382 million 8% below Maybank IB estimates 6% below consensus forecasts Maybank Investment Bank attributed the miss to: Lower-than-expected spreads Possible retrospective gas cost adjustments Key issue: Margin compression in the latest quarter. Outlook: Lower Gas Prices Ahead Maybank IB highlighted that: Domestic gas prices are trending lower in FY2026 This could reduce retail profit margins However: Higher distribution profits may partially offset the weakness Regulatory Period 3 (2026–2028) includes a tariff increase , though impact remains ...