Bursa Malaysia's three-day winning streak came to an end on Wednesday as profit-taking activities weighed on the local bourse. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.2 points, or 0.5%, to close at 1,620.5, after fluctuating between 1,618.5 and 1,630.0 during the session.
Market breadth was negative, with losers outpacing gainers 520 to 380 on the Main Market. Total turnover was 3.2 billion shares worth RM2.1 billion. The decline was led by selling in heavyweights such as Malayan Banking, Public Bank, and Tenaga Nasional, which fell between 0.3% and 1.2%.
Analysts attributed the pullback to profit-taking after the recent rally, which had pushed the index to a three-week high. Regional markets were mixed, with Japan's Nikkei 225 rising 0.3% while Hong Kong's Hang Seng Index fell 0.4%.
Despite the day's losses, market participants remain cautiously optimistic, citing stable economic fundamentals and sustained foreign fund inflows in recent weeks. The FBM KLCI has gained 4.5% year-to-date.
