KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
A renewed surge in AI and semiconductor stocks is reinforcing bullish sentiment, with institutional investors increasing exposure to Advanced Micro Devices , even after a sharp rally. AI Chip Stocks Lead Market Rebound US-listed semiconductor names rallied strongly: Advanced Micro Devices +8% Micron Technology +21% Micron’s move pushed its valuation above US$1 trillion , highlighting broad-based momentum across AI infrastructure , particularly in memory and high-bandwidth chips (HBM) . Institutional Options Trade Signals Further Upside A notable bull call spread strategy emerged in AMD: Long $520 calls (Sep 2026) Short $620 calls The structure indicates: ~20%–25% upside expectation Continued institutional conviction despite a 140% rally This reflects a measured bullish stance , capturing upside while managing cost and risk. AMD’s AI Narrative Is Being Repriced AMD is increasingly being repositioned as a...