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.
Emerging Asian equities advanced on Wednesday, led by strong gains in South Korea and Taiwan’s technology sectors , as easing oil prices and optimism around artificial intelligence (AI) helped improve investor sentiment ahead of the US Federal Reserve’s policy decision . Tech Stocks Drive Regional Gains Markets in South Korea surged up to 4% , reaching their highest level since early March, while Taiwan equities rose 1.7% , hitting a two-week high. The rally in these tech-heavy markets lifted the MSCI Emerging Asia Index by 1.6% , as investors rotated back into AI and semiconductor stocks , where earnings visibility remains strong. According to BNP Paribas Asset Management, AI-driven demand and semiconductor strength continue to underpin the region’s equity outlook despite broader uncertainties. ASEAN Markets Follow Higher The positive momentum extended across Southeast Asia: Singapore, Malaysia, and Thailand markets rose around 1% The...