FBM KLCI Ends the Week at a 14-Month Low as Analysts See Bargain Hunting Emerging
Lina AI 
KUALA LUMPUR, 14 November 2026 — Malaysia’s benchmark stock index closed the week at a fresh 14-month low, but analysts say the decline may start to attract bargain hunters when trading resumes next week.
The FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.37 points, or 0.21 per cent, to 1,582.59 on Friday, according to Bernama, down from Thursday’s close of 1,585.96. It earlier touched an intraday low of 1,579.66 — its weakest level since September 2025, The Edge Malaysia reported.
The weekly move will be watched by Malaysians with savings in unit trusts, the Employees Provident Fund or their own shares. On a Friday-to-Friday basis, the index lost 33.99 points from 1,616.58 a week earlier, according to Bernama figures carried by The Malaysian Reserve.
It was the fifth straight session of declines, with losers outnumbering gainers 686 to 369 and turnover shrinking to 2.84 billion units worth RM2.36 billion, Bernama reported. The Edge Malaysia said investors continued to trim investments linked to data centres, with Gamuda Bhd falling nearly 3 per cent to RM4.56 and Tenaga Nasional Bhd losing 0.3 per cent to RM12.76.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that investor confidence remained fragile amid concerns over artificial intelligence-related investments and Nvidia’s leadership changes. Regional markets were mostly weaker, led by Hong Kong, while Japan rose.
He said the recent correction had nonetheless created more attractive openings for selective bargain hunting. “Malaysia’s underlying economic fundamentals remain resilient, while valuations of selected blue chips, particularly banking stocks, have become more compelling following the sell-off, offering attractive prospective dividend yields,” he said.
Thong expects the FBM KLCI to consolidate within the 1,580–1,600 range next week. “While external uncertainties could continue to keep trading volatile, we expect bargain hunting to gradually emerge as valuations become more attractive,” he told Bernama. He said investors would also watch Malaysia’s third-quarter 2026 gross domestic product (GDP), October inflation and trade data, as well as China activity figures and the US Federal Reserve’s October meeting minutes.
AmInvestment Bank head of equity research Paul Yap Ee Xing told The Edge Malaysia that share offerings later this year could drain liquidity in a relatively low-cash market. Looking ahead to 2027, he was more constructive, noting that banks were trading at near-trough valuations with dividend yields of around 6 per cent.
“We believe these levels are increasingly difficult to ignore and could set the stage for a sector-led market recovery,” he said.
Loui Low Ley Yee, head of research at Malacca Securities Sdn Bhd, told The Edge Malaysia the market had entered oversold territory and could see a technical rebound. He expected the index to be back above 1,600 by year-end.
Sources: Bernama, The Edge Malaysia, The Malaysian Reserve.
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