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, buoyed by bargain-hunting in banking stocks following the release of Budget 2027. The index rose 0.59% to 1,618.01 points as of 5 pm, marking a 9.56-point increase from the previous Friday's close of 1,608.45. The KLCI, which opened 3.34 points higher at 1,611.03, saw fluctuations between 1,608.91 and 1,619.30 throughout the trading day.
Despite losers outnumbering gainers by a ratio of 778 to 344, and 520 counters remaining unchanged, the overall market showed resilience with a turnover of 3.36 billion units valued at RM2.91 billion, slightly higher than the previous day's turnover of 3.33 billion units.
Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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