YTL Power International shares fell 32 sen to RM4.69, among the most active counters on Bursa Malaysia as the FBM KLCI slipped 0.77%. The index closed at 1,604.07, down from last Friday’s close of 1,616.58.
Why Did YTL Power International Shares Drop 32 Sen?
Concerns over hyperscaler financing and potential delays in artificial intelligence (AI) infrastructure investments continued to weigh on YTL Power International Bhd and other related counters. The stock closed at RM4.69, a drop of 32 sen.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng attributes the decline to stock-specific earnings concerns and uncertainty around AI infrastructure spending. He told Bernama the weakness does not signal broad domestic fundamental deterioration.
How Did the FBM KLCI Close on Bursa Malaysia?
The FBM KLCI opened 9.97 points firmer at 1,626.55 before sliding. It touched an intraday low of 1,595.26 and closed at 1,604.07.
- Market breadth: 746 losers versus 395 gainers
- Unchanged: 463 counters
- Untraded: 1,169 counters, with 12 suspended
- Turnover: 2.79 billion units worth RM2.77 billion, down from 3.64 billion units worth RM3.49 billion last Friday
Which Heavyweights Pulled the KLCI Lower?
CIMB rose two sen to RM7.08, while Tenaga Nasional increased 14 sen to RM13.18. IHH Healthcare gained four sen to RM7.74.
What Happened to the Sector Indices?
The financial services index slumped 213.28 points to 18,743.78. The energy index slid 15.20 points to 779.66, and the plantation index shrank 66.55 points to 8,659.81.
- FBM Emas Index: down 72.50 points to 11,892.97
- FBM Top 100 Index: down 73.47 points to 11,724.98
- FBM Mid 70 Index: down 30.95 points to 16,989.93
- FBM Emas Shariah Index: down 8.97 points to 11,813.79
- FBM ACE Index: down 30.25 points to 5,209.99
Can the FBM KLCI Hold the 1,600 Level?
Thong expects the FBM KLCI to trade within a 1,590-1,620 range this week. He says holding above 1,600 is crucial to near-term stability.
He also expects increasingly attractive valuations may encourage selective bargain hunting in fundamentally sound blue-chip stocks. Analysts note the index could stay volatile in the meantime.
Which Stocks Led the Gains and Losses Today?
Top gainers:
- Malaysian Pacific Industries jumped RM1.48 to RM37.68
- Nestle garnered RM1.64 to RM95.00
- Allianz-PA put on 52 sen to RM20.60
- Sunway Construction went up 50 sen to RM8.36
- Westports Holdings climbed 26 sen to RM7.41
Top losers:
- Hengyuan Refining decreased 30 sen to RM2.62
- Vitrox Corp shrank 27 sen to RM9.85
- Ta Ann Holdings sank 24 sen to RM5.41
- Fraser & Neave Holdings erased 22 sen to RM22.00
- Mi Technovation gave up 17 sen to RM5.93
How Did Trading Volume Compare With Last Friday?
Main Market volume fell to 1.57 billion units worth RM2.54 billion, from 1.98 billion units worth RM3.17 billion. ACE Market volume tumbled to 292.05 million units valued at RM115.46 million, from 444.10 million units worth RM174.61 million.
Warrants turnover dwindled to 924.40 million units worth RM115.21 million. Industrial products and services led sector volume with 322.26 million shares, ahead of technology at 294.90 million.
Key Takeaways
- YTL Power International fell 32 sen to RM4.69 on hyperscaler financing and AI infrastructure concerns.
- The FBM KLCI closed at 1,604.07, down 0.77%, with losers outnumbering gainers 746 to 395.
- Public Bank slid 22 sen to RM4.68 and the financial services index dropped 213.28 points.
- Thong Pak Leng sees a 1,590-1,620 trading range this week, with 1,600 as the key level.
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Disclaimer: This article is for general information only and does not constitute investment advice or a recommendation to buy, sell or hold any security. Figures are taken from the market close reported by FMT and Bernama. Always do your own research before making any investment decision.
Frequently Asked Questions
Why did YTL Power International shares fall?
YTL Power International shares fell 32 sen to RM4.69 on concerns over hyperscaler financing and potential delays in AI infrastructure investments. Rakuten Trade’s Thong Pak Leng links the drop to stock-specific earnings concerns.
Where did the FBM KLCI close today?
The FBM KLCI slid 12.51 points or 0.77% to close at 1,604.07. It had opened at 1,626.55 and hit an intraday low of 1,595.26.
What is the key support level for the FBM KLCI this week?
Rakuten Trade expects the FBM KLCI to trade within 1,590-1,620 this week. Thong Pak Leng says holding above 1,600 is crucial to near-term market stability.
How much did Public Bank shares fall?
Public Bank slid 22 sen to RM4.68 in the session. It was one of the heavyweights that weighed on the FBM KLCI.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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