FBM KLCI Ends Midday Higher On Global Risk Appetite And Anthropic IPO Momentum

KUALA LUMPUR, Oct 27 – Bursa Malaysia ended Tuesday’s morning session higher, bolstered by improved global risk sentiment and easing international crude oil prices.

By 12:30 PM, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.18 points, or 0.26 percent, to settle at 1,608.54 compared to Monday’s close of 1,604.36.

The benchmark index opened 2.98 points higher at 1,607.34 and fluctuated between an intraday low of 1,606.14 and a high of 1,611.90 during the morning session.

Market sentiment across the broader market remained positive, with gainers outpacing losers 585 to 358, while 471 counters traded unchanged, 1,479 were untraded, and 52 were suspended.

Total trading volume stood at 1.76 billion units valued at RM1.24 billion.

Market analysts at Apex Securities Bhd noted that global risk appetite received a boost from Anthropic’s public initial public offering (IPO) filing, which reignited buying momentum in global artificial intelligence (AI) and technology equities.

Heavyweight Performers, Top Gainers, Losers, and Sector Movement Breakdown

Key stock movements, active counters, and sector index performances recorded at midday include:

• Heavyweight & Utility Performance: YTL Power International surged 15 sen to RM5.11, while YTL Corporation gained eight sen to RM2.04. Tenaga Nasional added four sen to RM13.32, while banking heavyweights Maybank and CIMB edged up one sen each to RM9.99 and RM7.11, respectively.
• Active Trading Counters: Top Glove gained 3.5 sen to 96.5 sen. VS Industry, Axteria, and Ni Hsin each rose two sen to 35.5 sen, 21.5 sen, and 49.5 sen, respectively, while Zetrix AI slipped half a sen to seven sen.
• Top Market Gainers: Malaysian Pacific Industries led top gainers, soaring 62 sen to RM41.20, followed by ViTrox Corporation (up 38 sen to RM11.10), UMS Integration (up 30 sen to RM7.50), UWC Bhd (up 27 sen to RM7.53), and Dufu Technology (up 24 sen to RM3.22).
• Top Market Losers: United Plantations topped the losers list, falling 40 sen to RM29.50, followed by Fraser & Neave (down 30 sen to RM19.70) and PPB Group (down 24 sen to RM8.78).
• Key Index Figures: The FBM Emas Index rose 41.12 points to 12,018.12, the FBM Top 100 Index climbed 35.41 points to 11,810.35, the FBM Mid 70 Index advanced 71.55 points to 17,335.09, the FBM Emas Shariah Index gained 45.78 points to 12,020.57, and the FBM ACE Index moved up 38.28 points to 5,431.94.
• Sector-Wise Performance: The Industrial Products and Services Index edged up 1.13 points to 176.54, the Energy Index gained 1.11 points to 849.84, and the Financial Services Index rose 1.71 points to 18,575.57. Conversely, the Plantation Index declined 19.79 points to 8,604.18.

–NMT