FBM KLCI Ends At Intraday High On Selective Heavyweight Bargain Hunting

KUALA LUMPUR, Oct 22 – Bursa Malaysia closed mixed on Thursday, October 22, 2026, with late afternoon bargain hunting pushing the benchmark index to its intraday high, outperforming softer regional markets.

At 5:00 PM, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 5.87 points, or 0.36 per cent, to settle at 1,608.14, compared to Wednesday’s close of 1,602.27.

The index opened 2.49 points higher at 1,604.76 and touched an early low of 1,601.76 before gaining upward momentum in the afternoon session to finish at the day’s peak.

Despite the main index’s gains, overall market breadth remained negative as decliners led gainers 681 to 420, while 501 counters were unchanged, 1,298 untraded, and 18 suspended. Total trading volume rose to 2.89 billion units valued at RM2.69 billion.

Heavyweight Performance, Key Gainers, and Sectoral Index Trends

Key stock movements and sectoral index results included:

• Heavyweight Financials & Utilities: Tenaga Nasional Bhd (TNB) surged 26 sen to RM13.24, Maybank gained two sen to RM9.97, and CIMB added one sen to RM7.15. Public Bank, however, dipped two sen to RM4.71.
• Top Market Gainers: Logistical and energy stocks posted solid gains, with Bintulu Port, Westports, and Hengyuan Refining Company rising 25 sen each to RM5.35, RM7.02, and RM4.05, respectively. Kuala Lumpur Kepong (KLK) climbed 22 sen to RM20.30.
• Top Market Decliners: Consumer and technology stocks faced profit-taking, led by Nestle trimming 38 sen to RM89.86. Both MI Technology and UMS Integration dropped 25 sen each to RM6.38 and RM7.25, while Allianz Malaysia shed 16 sen to RM19.14.
• Active Counters: ACE Market debutant RedPlanet closed seven sen higher at 26 sen, MAG Holdings edged up half-a-sen to 16 sen, Zetrix AI and JAKS closed flat at five sen and 17 sen, while V.S. Industry fell 1.5 sen to 33 sen.
• Sectoral Indices: The Plantation Index surged 42.56 points to 8,662.68, the Energy Index rose 10.57 points to 831.80, and the Industrial Products and Services Index added 0.06 of-a-point to 175.45. The Financial Services Index fell 3.68 points to 18,605.00, while the FBM ACE Index lost 57.13 points to 5,323.50.

–NMT