Bursa Malaysia Opens Higher For Third Straight Session Following US Fed Rate Hold

KUALA LUMPUR, Oct 29 – Bursa Malaysia opened higher for the third consecutive session on Thursday morning, October 29, 2026, tracking overnight gains on Wall Street after the United States Federal Reserve (Fed) opted to keep interest rates benchmarked between 3.75 percent and 4.00 percent.

At 9:10 AM, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.71 points, or 0.29 percent, to 1,618.58 from Wednesday’s close of 1,613.87.

The key index opened 0.57 of a point higher at 1,614.44.

Market breadth across the broader market was positive, as gainers outpaced losers 198 to 104, while 291 counters traded unchanged, 2,284 remained untraded, and 161 were suspended.

Early trading volume stood at 173.26 million units valued at RM74.17 million.

Heavyweight Performance, Top Gainers, Losers, and Sector Index Breakdown

Key stock performances, active trading trends, and sector index figures at market opening include:

• Heavyweight Stock Movement: Banking counters led early gains, with Public Bank and CIMB advancing three sen each to RM4.74 and RM7.14, respectively, while Maybank added one sen to RM10.00. Tenaga Nasional surged 10 sen to RM13.32, while IHH Healthcare traded flat at RM7.83.
• Active Trading Counters: Zetrix AI and Land & General were unchanged at 8.5 sen and 19 sen, respectively. CTOS Digital advanced three sen to 42 sen, Iconic Worldwide inched up half a sen to 12 sen, while Kanger International slipped half a sen to one sen.
• Top Market Gainers: Nestle spearheaded top gainers, adding 52 sen to RM98.50, followed by Bursa Malaysia Bhd (up 11 sen to RM8.11), MISC (up 10 sen to RM8.39), and AMMB Holdings (improving nine sen to RM6.38).
• Top Market Losers: United Plantations topped early decliners, shedding 16 sen to RM29.16, followed by LPI Capital (down four sen to RM13.04), Spritzer and Hap Seng Plantations (both down three sen to RM3.66 and RM2.22, respectively), and QL Resources (sliding two sen to RM3.78).
• Key Index Figures: The FBM Emas Index rose 31.42 points to 12,098.69, the FBM Top 100 Index gained 30.95 points to 11,890.23, the FBM Mid 70 Index added 30.11 points to 17,478.13, the FBM Emas Shariah Index gained 26.34 points to 12,107.48, and the FBM ACE Index edged up 1.57 points to 5,483.49.
• Sector Index Movements: The Financial Services Index spearheaded sectoral gains, surging 62.23 points to 18,641.47, followed by the Energy Index (up 1.95 points to 848.32) and the Industrial Products and Services Index (up 0.06 of a point to 179.09). Conversely, the Plantation Index lost 5.12 points to 8,641.71.

–NMT