Market Wrap local and foreign markets
KUALA LUMPUR (Sept 25): The FBM KLCI slipped 0.24% to 1,599.66 on Wednesday, weighed down by construction and telecommunication stocks. However, small-cap counters outperformed, with the FBM Small Cap and FBM ACE gaining 1.00% and 1.13%, respectively, as investors rotated into broader market plays. Market breadth stayed positive with 601 gainers against 492 decliners, while property, REIT, and technology sectors led advances. Local institutions extended their net buying, contrasting with continued foreign selling. Globally, Wall Street ended weaker on tech losses and Fed caution, while Asian markets, led by Hong Kong and China, saw notable strength in technology shares. Ahead, investors will monitor upcoming US economic data and Malaysia’s Budget 2026 for cues on sectoral themes.
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