MARKET PULSE PM OCT 12, 2026 [WATCH]
KUALA LUMPUR: Bursa Malaysia continued last week’s positive performance, led by bargain hunting in banking stocks as Budget 2027 offered additional support through measures targeting small and medium enterprises (SMEs) lending, housing financing and investment-driven credit growth.
![MARKET PULSE PM OCT 12, 2026 [WATCH]](/img/13941197)
Bursa Malaysia's FBM KLCI index continued its upward trajectory on October 12, 2026, rising by 0.59% to close at 1,618.01 points, following a positive performance from the previous week. This increase was driven by bargain hunting in banking stocks, which benefited from the government's Budget 2027 measures aimed at supporting small and medium enterprises (SMEs) lending, housing financing, and investment-driven credit growth.
The Malaysian ringgit also strengthened against the US dollar, closing at 4.0810. In the cryptocurrency market, Bitcoin reached approximately RM340,435, while Ethereum and Solana followed upward trends, trading at around RM10,405 and RM454.78, respectively.
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