Bursa climbs further as Budget 2027 boosts banking stocks
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.56 points, or 0.59%, to 1,618.01 from Friday’s close of 1,608.45.
Bursa Malaysia continued its upward trend last week, with banking stocks receiving a boost from the recently announced Budget 2027. The measures introduced in the budget aimed to support small and medium enterprises (SMEs) lending, housing financing, and investment-driven credit growth. As of 5 pm, the FTSE Bursa Malaysia KLCI index rose by 9.56 points, or 0.59%, to 1,618.01, up from Friday's closing figure of 1,608.45.
Throughout the session, the benchmark index fluctuated between 1,608.91 and 1,619.30. While the number of losing stocks outnumbered gainers by a ratio of 778 to 344, 1,185 stocks remained unchanged, and 12 were suspended. The trading volume for the day was slightly higher than the previous day, with 3.36 billion units worth RM2.91 billion compared to 3.33 billion units worth RM2.90 billion on Friday.
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