Bursa Malaysia Stays Higher, With Focus On Technology, Energy Stocks
KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia remained in positive territory at mid-morning on Monday, as Budget 2027 remains neutral to mildly positive for Malaysian equities, with selective beneficiaries in technology and energy.
CIMB Securities Sdn Bhd said higher disposable incomes and targeted assistance should support consumer spending, with housing incentives and investment measures favouring construction, property, technology and renewable energy companies.
At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.27 points to 1,616.72 versus Friday’s close of 1,608.45, after opening 3.34 points higher at 1,611.03.
Market breadth, however, was negative, with 545 decliners outnumbering 292 gainers. Another 491 counters were unchanged, 1,499 remained untraded, and 12 were suspended.
Turnover stood at 1.44 billion shares worth RM830.53 million.
Among heavyweights, Maybank added 14 sen to RM9.95, Public Bank rose nine sen to RM4.66, CIMB gained five sen to RM7.31, Tenaga Nasional increased eight sen to RM12.96, and IHH Healthcare fell four sen to RM7.86.
In active trade, Zetrix AI was flat at 8.5 sen, VS Industry lost two sen to 32.5 sen, JAKS Resources decreased half a sen to 17.5 sen, Genting fell 30 sen to RM1.58, but Nationgate increased two sen to RM2.13.
Nestle led the gainers, with a 62 sen jump to RM90.78. MISC was up by 26 sen to RM7.85, while Kuala Lumpur Kepong and Vitrox appreciated 24 sen each to RM20.86 and RM11.24, respectively.
Malaysian Pacific led the decliners, shedding 62 sen to RM43.46, followed by Genting Malaysia, which fell 11 sen to RM1.38. AME REIT fell 10 sen to RM1.52, while Gamuda and Hengyuan Refining slid nine sen each to RM5.0 and RM3.57, respectively.
On the broader market, the FBM Mid 70 Index declined 83.20 points to 17,599.90, the FBM Emas Shariah Index gained 2.10 points to 12,131.88, the FBM Emas Index added 23.61 points to 12,122.44, the FBM Top 100 Index advanced 30.27 points to 11,901.67, and the FBM ACE Index shed 48.48 points to 5,606.09.
Sector-wise, the Energy Index rose 0.56 of a point to 839.13 and the Financial Services Index jumped 172.81 points to 18,597.63. In contrast, the Plantation Index slid 0.71 of a point to 8,889.55, while the Industrial Products and Services Index edged down 0.20 of a point to 180.55.
-- BERNAMA