FBM KLCI Slides Lower on Heavyweight Selling Pressure
The FBM KLCI opened higher at 1,668.78 but quickly reversed course, shedding 5.52 points or 0.33% to settle at 1,662.22 as of 9:25 am on Monday. The benchmark index’s early momentum evaporated as heavyweight stocks took losses, a pattern increasingly familiar to Malaysian retail investors tracking Bursa Malaysia.
The selloff mirrors Friday’s weakness on Wall Street, where investor appetite weakened amid escalating US-Iran geopolitical tensions. These external headwinds are proving more powerful than any domestic support, creating a defensive trading environment across the region.
Which Stocks Are Affected? Major Decliners on the Board
Nestlé Malaysia led the decline
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