Bursa Malaysia commenced the day positively, driven by regional market enthusiasm and a rebound on Wall Street following a rate cut by the US Federal Reserve.
At 9:10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) saw an increase of 1.17 points, equivalent to a rise of 0.07 percent, reaching 1,612.17, after opening higher at 1,612.86 with a gain of 1.86 points.
Market Activity and Sentiment
The turnover for the morning session was recorded at 149.02 million shares, with a total value of RM95.52 million.
According to Thong Pak Leng, vice-president of equity research at Rakuten Trade Sdn Bhd, the strengthening of Wall Street can be attributed to the Fed’s decision to reduce its benchmark interest rate by 25 basis points.
“Market sentiment improved further after Fed Chair Jerome Powell indicated that no rate hikes are anticipated in the near future, in light of a still-fragile labor market,” he stated.
Expectations and Stock Movements
“The consensus now leans towards the possibility of two to three additional rate cuts in 2026, while the US 10-year Treasury yield has decreased to 4.155 percent,” he informed Bernama.
Back in Malaysia, Thong expressed expectations for the benchmark FBM KLCI to trade within the 1,610–1,620 range today.
In terms of heavyweights, Maybank increased by two sen to RM10.14, CIMB Group also rose by two sen to RM7.84, Tenaga Nasional added two sen to RM12.76, IHH Healthcare saw an increase of one sen to RM8.41, while Public Bank maintained its value at RM4.37.
Active Stocks and Market Indices
On the most active list, BMS Holdings gained half-a-sen to 19.5 sen, Astro Malaysia also rose by half-a-sen to 10.5 sen, while Main Market debutant Wasco Greenergy saw a decline of 2.5 sen to 97.5 sen. Velesto Energy added half-a-sen to 27.5 sen, and Hartalega fell by three sen to RM1.00.
Top gainers included Malaysian Pacific Industries, which increased by 42 sen to RM32.60, Petronas Chemicals rose by seven sen to RM3.37, Dufu Technology gained five sen to RM1.66, Vitrox added five sen to RM4.32, and Dialog advanced four sen to RM1.80.
Conversely, among the top losers, Gamuda decreased by 14 sen to RM4.99, Petronas Gas slipped six sen to RM17.20, Mudajaya fell by 5.5 sen to 42 sen, Sarawak Oil Palms eased four sen to RM3.74, and Yinson declined by four sen to RM2.31.
Index Performance
On the index board, the FBM Emas Index rose by 12.64 points to 11,929.55, the FBM Emas Shariah increased by 15.01 points to 11,803.89, the FBMT 100 Index gained 12.56 points to 11,713.83, the FBM ACE Index improved by 12.73 points to 4,743.71, and the FBM 70 Index advanced by 36.10 points to 16,687.17.
Sector-wise, the Financial Services Index rose by 14.06 points to 18,932.46, the Industrial Products and Services Index edged up by 0.55 of a point to 167.54, and the Energy Index gained 2.37 points to 759.80, while the Plantation Index saw a decrease of 3.52 points to 8,059.31.
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Danny H is a real estate negotiator in Miri, specializing in residential and commercial properties. He provides trusted guidance, updated listings, and professional support through MiriProperty.com.my to help clients make confident property decisions.
