KLCI Edges Down on Friday, Tech Stocks Lead Declines

February 28, 2026

Market Updates

The Edge Markets

The FTSE Bursa Malaysia KLCI closed marginally lower by 0.35% at 1588.20 points on Friday. Technology stocks were hit by global chip demand concerns, dragging down the broader market. Investors remained cautious ahead of upcoming economic data releases.

The FTSE Bursa Malaysia KLCI closed marginally lower by 5.56 points, or 0.35%, at 1588.20 on Friday. Market sentiment was dampened by a global sell-off in technology stocks, particularly due to weak outlooks from chip manufacturers, which pressured the local tech sector. Companies like D&O Green Technologies fell 2.5%, and Inari Amertron declined 1.8%. Total volume for the day was 4.2 billion shares, valued at RM3.1 billion. Investors remained cautious ahead of next week's trade data and inflation reports, expecting continued market consolidation. Mixed performances in regional markets added to the uncertainty for the local bourse.

View Source: The Edge Markets

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