KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday.
Summary Intel surged to a new all-time high, but short sellers are stepping in aggressively, signaling growing doubts about how long the rally can last. Intel Rally Meets Resistance Intel recently broke above $100 for the first time , driven by strong AI momentum, partnerships, and positive market sentiment. However, behind the rally: Short volume jumped to 27.01M shares Represents 13.6% of total trading volume Highest among large-cap stocks tracked Key Insight: Big players are betting the stock may reverse soon Bearish Signals Are Building Technical indicators are flashing warning signs: 12 out of 15 indicators show bearish/overbought signals KDJ indicator flags the stock as “severely overbought” Price has risen too fast, too quickly Historically: There’s a 44% chance Intel drops the next day at similar levels Key Insight: Momentum is strong, but overheating risk is rising Short Squeeze Risk Still in Play Despite bearish bets, there’s another t...