FBM KLCI Rebounds To End Higher Above 1,600 Threshold Driven By Telecoms And Commodities

KUALA LUMPUR, Nov 2 – Bursa Malaysia’s benchmark index erased early morning losses to close higher on Monday, November 2, 2026, remaining comfortably above the 1,600-point psychological threshold.

The market recovery was propelled by selective bargain hunting in telecommunications and commodity-linked heavyweights, which countered ongoing selling pressure in technology counters.

At the 5:00 PM market close, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 3.91 points, or 0.24 percent, to settle at 1,619.51 compared with last Friday’s close of 1,615.60.

The key benchmark opened 2.39 points lower at 1,613.21 and swung between an intraday low of 1,607.15 and a high of 1,623.33 throughout the trading day.

Despite the gains in the main index, overall market sentiment across the broader exchange remained cautious, with losers outpacing gainers 774 to 323, while 501 counters traded unchanged, 1,125 untraded, and 11 suspended.

Total trading volume contracted to 2.65 billion units valued at RM2.10 billion, down from last Friday’s turnover of 3.15 billion units worth RM2.68 billion.

Across regional bourses, mixed performances were recorded: Hong Kong’s Hang Seng Index rose 0.42 percent to 23,393.32 and South Korea’s Kospi jumped 2.24 percent to 5,859.08, while Japan’s Nikkei 225 fell 0.33 percent to 63,081.86 and Singapore’s Straits Times Index shed 1.36 percent to 5,303.83.

Among key blue-chip stocks, Public Bank Bhd gained four sen to RM4.79 and CIMB Group Holdings Bhd added one sen to RM6.92, while Malayan Banking Bhd (Maybank) shed four sen to RM9.98. Tenaga Nasional Bhd and IHH Healthcare Bhd held flat at RM13.30 and RM7.85, respectively.

Top gainers were led by Mega Fortris Bhd, which surged 66 sen to RM2.88, Fraser & Neave Holdings Bhd gaining 32 sen to RM20.28, Petronas Dagangan Bhd jumping 28 sen to RM19.78, MISC Bhd advancing 27 sen to RM8.52, and Westports Holdings Bhd putting on 25 sen to RM7.10.

Conversely, top losers were dominated by tech counters, led by ViTrox Corp Bhd losing 42 sen to RM10.48, Mi Technovation Bhd dropping 23 sen to RM6.30, and Pentamaster Corp Bhd and Solarvest Holdings Bhd shedding 20 sen each to RM5.47 and RM4.11, respectively.

Market Indices, Volume Breakdown, and Regional Bourses

Key closing statistics, market segment breakdowns, and regional index movements include:

• FBM KLCI Index Movement: Up 3.91 points (+0.24%) to close at 1,619.51 (Intraday range: 1,607.15 – 1,623.33).
• Broader Market Summary: Decliners led advancers 774 to 323; turnover stood at 2.65 billion shares worth RM2.10 billion.
• Top Movers & Actives: Gainers led by Mega Fortris (+66 sen), F&N (+32 sen), and Petronas Dagangan (+28 sen); losers led by ViTrox (-42 sen) and Mi Technovation (-23 sen).
• Sectoral Indices Performance: Gains seen in Financial Services (+21.41 pts), Plantations (+4.81 pts), and Industrial Products (+0.40 pts), while Energy dropped 15.27 points.
• Market Segment Turnover: Main Market (1.45 billion units / RM1.88 billion); ACE Market (322.03 million units / RM110.72 million); Warrants (877.58 million units / RM102.50 million).

–NMT