Bursa Malaysia Opens Higher As Budget 2027 Sentiment And Wall Street Rally Lift Market Confidence

KUALA LUMPUR, Oct 12 – Bursa Malaysia opened higher on Monday morning, October 12, 2026, supported by positive market sentiment following the tabling of Budget 2027 and overnight gains on Wall Street, where a recovery in technology stocks and lower crude oil prices helped counter soft US consumer sentiment.

At 9:15 AM, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 5.10 points, or 0.31 per cent, to reach 1,613.55, moving up from Friday’s closing level of 1,608.45 after initially opening 3.34 points higher at 1,611.03.

Broader market breadth remained positive, with gainers outpacing decliners 251 to 200, while 383 counters traded unchanged, 1,993 remained untraded, and 12 were suspended. Total early turnover was recorded at 340.29 million units valued at RM181.54 million.

Stock Performance and Sectoral Movement Highlights

Heavyweight banking counters and tech-linked stocks led early trading gains across major indices:

• Banking Heavyweights: Maybank rose nine sen to RM9.90, Public Bank gained five sen to RM4.62, while CIMB and Tenaga Nasional both added six sen to trade at RM7.32 and RM12.94, respectively. IHH Healthcare edged down three sen to RM7.87.
• Active Trading Counters: Zetrix AI traded flat at 8.5 sen, VS Industry gained 1.5 sen to 36 sen, and Nationgate moved up five sen to RM2.16. On the downside, Genting dropped 26 sen to RM1.62 and Dagang NeXchange slipped half a sen to 51.5 sen.
• Top Market Gainers: Vitrox led gainers by advancing 16 sen to RM11.16, Azam Jaya added 15 sen to RM1.10, while Hong Leong Bank and Hong Leong Financial both rose 12 sen to RM21.60 and RM17.42, respectively. Malayan Cement moved up 10 sen to RM5.65.
• Top Market Losers: Kuala Lumpur Kepong fell 28 sen to RM20.34, AME REIT declined 10 sen to RM1.52, while Genting Malaysia and Mulpha International dropped nine sen each to RM1.40 and RM2.65, respectively.
• Broad Indices Performance: The FBM Emas Index gained 27.51 points to 12,126.34, the FBM Top 100 Index advanced 27.01 points to 11,898.41, the FBM Emas Shariah Index rose 10.14 points to 12,139.93, and the FBM ACE Index edged up 4.31 points to 5,658.88. The FBM Mid 70 Index fell 4.10 points to 17,679.01.
• Sectoral Indices Performance: The Financial Services Index spearheaded sector gains by surging 141.99 points to 18,566.81, the Energy Index added 1.24 points to 839.81, and the Industrial Products and Services Index edged up 0.16 of a point to 180.91. The Plantation Index dropped 38.09 points to 8,852.17.

–NMT