Bursa Malaysia opens higher but reverses early gains amid cautious sentiment
KUALA LUMPUR: Bursa Malaysia’s key index opened higher but retreated thereafter, tracking cautious sentiment across regional markets amid mixed overnight cues from Wall Street.
Bursa Malaysia's key index, the FTSE Bursa Malaysia KLCI, opened higher at 1,618.72 on Monday but quickly retreated, mirroring cautious market sentiment across regional markets following mixed overnight cues from Wall Street. At 9:10am, the benchmark index fell 3.13 points to 1,618.72, down from yesterday's close of 1,621.85. Wall Street ended mixed amid focus on the US midterm elections, with traders wary of a potential sell-off in artificial intelligence stocks if Democrats gain control of both the House and Senate.
In China, commitment to expand yuan liquidity in Hong Kong and better-than-expected Q3 2026 GDP growth helped buoy regional sentiment. Home market performance was muted, with the FBM KLCI trading in a narrow range of 1,615-1,625. Among heavyweight stocks, Maybank and CIMB fell five sen each, while Tenaga Nasional and IHH Healthcare both gained one sen. Aizo, Dagang Nexchange, and Zetrix AI all rose half a sen each.
Foreign fund inflows were noted as positive, but the overall trading volume was low. The FBM Emas Index fell 20.0 points to 12,048.32, while the Financial Services Index declined 68.69 points to 18,648.21.
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Also reported by 1 other outlet
- Bursa opens higher but reverses early gains amid cautious sentiment freemalaysiatoday.com
