Bursa Malaysia Extends Winning Streak To Four Days As Bargain Hunting Persists

KUALA LUMPUR, Oct 14 – Bursa Malaysia extended its winning streak to four consecutive trading sessions, closing higher on Wednesday as persistent bargain hunting in banking heavyweights and selective blue chips kept the local market in positive territory throughout the day.

By the 5:00 PM closing bell, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.37 points, or 0.26 per cent, to settle at 1,627.72 compared to Tuesday’s close of 1,623.35.

The key index opened 0.59 points stronger at 1,623.94, which marked its intraday low before climbing to a peak of 1,628.01 during trading.

Market breadth across the broader exchange turned positive by the close, with gainers outpacing decliners 541 to 532, while 566 counters traded flat, 1,216 remained untraded, and 21 were suspended.

Total trading volume contracted to 3.25 billion units valued at RM3.03 billion compared to Tuesday’s turnover of 3.60 billion units worth RM3.22 billion.

Banking Support, Heavyweight Performance, and Active Movers

Selective buying across financial institutions, logistics, healthcare, and industrial heavyweights provided fundamental support to the main index:

• Financial Sector Gains: Banking stocks led blue-chip support, with Public Bank advancing five sen to RM4.75, AMMB Holdings gaining seven sen to RM6.34, and Malayan Banking Bhd (Maybank) edging up two sen to RM9.98.
• Heavyweight Movers: Shipping firm MISC Bhd jumped 45 sen to RM8.37, while IHH Healthcare added three sen to RM8.01. Sunway Bhd and SD Guthrie Bhd each gained five sen to close at RM4.45 and RM5.97, respectively, while Petronas Chemicals Group surged 11 sen to RM4.43.
• ACE Market Debutant & Volume Leaders: ACE Market debutant Ecosys made a strong debut, opening at 70 sen—a 43-sen premium over its initial public offering (IPO) price of 27 sen—before closing at 80 sen (up 53 sen). Glovemaker Top Glove Corp added 5.5 sen to 91 sen and Ni Hsin Group rose 2.5 sen to 41.5 sen, while Zetrix AI slipped one sen to 5.5 sen and JAKS Resources eased half a sen to 14.5 sen.
• Top Gainer Board: Technology and plantation stocks featured heavily among the top gainers, led by Malaysian Pacific Industries which surged 84 sen to RM42.00. Kuala Lumpur Kepong rose 46 sen to RM21.30, Bus Cap added 22.5 sen to RM1.22, Mentiga Corp gained 21 sen to 79 sen, and Kelington Group surged 18 sen to RM8.68.
• Top Declining Stocks: Renewable energy and consumer counters experienced profit-taking, with Samaiden Group falling 28 sen to RM2.79, Solarvest Holdings trimming 23 sen to RM3.87, Fraser & Neave Holdings dropping 22 sen to RM19.94, Critical Holdings shedding 21 sen to RM2.61, and Dutch Lady Milk Industries dipping 12 sen to RM29.30.

Index Indicators and Market Breakdown

Performance metrics across index boards and main market segments at the close included:

• Key Index Boards: The FBM Mid 70 Index climbed 66.88 points to 17,444.88, the FBM Emas Shariah Index gained 30.88 points to 12,105.35, the FBM Emas Index rose 35.85 points to 12,142.60, and the FBM Top 100 Index strengthened 35.57 points to 11,934.03. The FBM ACE Index bucked the broader trend, dropping 30.10 points to 5,455.25.
• Sector Performance: Plantation led sectoral gains, advancing 83.85 points to 8,896.97, followed by Financial Services which added 58.26 points to 18,824.43, and Industrial Products and Services which rose 0.91 of a point to 180.61. The Energy Index retreated, dropping 7.01 points to 828.05.
• Segment Volume Breakdown: Main Market volume fell to 1.81 billion units worth RM2.60 billion. Warrant trading recorded 808.38 million units valued at RM105.78 million, while ACE Market volume expanded to 628.65 million units worth RM325.60 million.

Market analysts expect the benchmark index to consolidate within the 1,620 to 1,630 technical channel in the near term as market participants digest post-Budget 2027 fiscal measures against global macroeconomic indicators.

–NMT