Bursa Malaysia opens lower as Nvidia leadership crisis weighs on Wall Street

At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.05 points to 1,584.91 from yesterday’s close of 1,585.96. — Picture by Yusof Mat Isa

First Published: Friday, 13 Nov 2026 10:29 AM MYT

KUALA LUMPUR, Nov 13 — Bursa Malaysia’s key index opened lower today, tracking US Wall Street’s overnight decline amid mounting concerns over Nvidia’s leadership crisis.

At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.05 points to 1,584.91 from yesterday’s close of 1,585.96.

The benchmark index opened 0.47 points lower at 1,585.49.

Despite the weaker index performance, market breadth was positive, with gainers outnumbering losers 175 to 150. A total of 285 counters were unchanged, while 2,174 remained untraded and 16 were suspended.

Turnover stood at 185.37 million shares worth RM66.47 million.

IPPFA director of investment strategy and country economist Mohd Sedek Jantan said US equities came under renewed selling pressure as concerns over Nvidia’s leadership intensified, prompting investors to reassess risks across the artificial intelligence (AI) investment ecosystem.

Sedek said Nvidia’s shares plunged, dragging semiconductor stocks and broader technology sentiment lower.

“The development adds another layer of uncertainty to an already volatile AI trade, given co-founder Jensen Huang’s central role in shaping the industry’s investment narrative and Nvidia’s extensive financial and commercial relationships across the AI ecosystem,” he told Bernama.

He said the weakness extended beyond Nvidia, with AI infrastructure and cloud-computing companies also coming under selling pressure.

Neocloud provider Nebius plunged about 20 per cent despite reporting strong quarterly results, as investors reacted to weaker revenue guidance, revised growth targets and a substantial increase in planned capital expenditure to US$40 billion-US$45 billion, he added.

Heavyweight stocks at Bursa Malaysia were mixed. CIMB fell four sen to RM7.05, Tenaga Nasional lost two sen to RM12.78, while IHH Healthcare eased one sen to RM7.83. Maybank gained one sen to RM9.92, while Public Bank was unchanged at RM4.53.

In active trade, V.S. Industry and MMAG Holdings each shed half a sen to 28 sen and 3.5 sen, respectively. GIIB Holdings and Parlo gained one sen apiece to 11.5 sen and five sen, respectively, while Ni Hsin Group added half a sen to nine sen.

Among the top gainers, Master-Pack Group climbed 13 sen to RM1.55, P.I.E. Industrial advanced 12 sen to RM1.62, and UWC added 11 sen to RM6.48. Ranhill Utilities and Mega Fortris rose nine sen each to RM2.99 and RM1.10, respectively.

Kuala Lumpur Kepong led the decliners, falling 16 sen to RM21.22. United Plantations lost 14 sen to RM31.46, PJBumi shed 13 sen to RM4.12, Mentiga Corp declined nine sen to RM1.06, while Tradeplus Shariah Gold Tracker slipped eight sen to RM4.86.

On the broader market, the FBM Emas Index fell 2.10 points to 11,785.99, while the FBM Top 100 Index shed 5.50 points to 11,613.75. The FBM ACE Index also eased 5.78 points to 5,181.13.

In contrast, the FBM Emas Shariah Index edged up 0.59 points to 11,773.86, while the FBM Mid 70 Index gained 1.48 points to 16,950.05.

Sector-wise, the Financial Services Index fell 12.71 points to 18,444.07, while the Plantation Index sank 44.93 points to 8,874.33. In contrast, the Industrial Products and Services Index edged up 0.15 points to 171.17, while the Energy Index gained 1.31 points to 783.13. — Bernama