{
  "id": 13000527,
  "title": "Bursa opens higher ahead of Budget 2027 announcement",
  "url": "https://urgent.news/2026/10/09/bursa-opens-higher-ahead-of-budget-2027-announcement",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T01:41:12.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/09/bursa-opens-higher-ahead-of-budget-2027-announcement"
  },
  "original_language": "en",
  "account": "Bursa Malaysia's main index, the KLCI, opened 1.14 points higher at 1,602.15 on Friday, as investors looked towards the upcoming 2027 budget announcement. The index had previously closed at 1,601.01 on Thursday. In the broader market, there were more losers than gainers, with 233 stocks falling and 216 rising, while 284 remained unchanged. Turnover was at 326.93 million units, valued at RM155.22 million. Analysts noted that the FBM KLCI was below key moving averages, with momentum indicators suggesting easing selling pressure. Key resistance was expected around 1,616-1,631, while near-term support was around 1,571-1,586. Retail giant Malacca Speed Mart could potentially benefit from increased SARA and STR allocations under the 2027 budget, boosting spending at value retailers. Analysts saw the current FBM KLCI level as an opportunity to buy local blue chips, anticipating a rebound in the index. Among the top gainers, Mi Technovation rose 56 sen to RM6.64, BLD Plantation increased 12 sen to RM14.98, Hong Leong Industries gained 12 sen to RM16.20, Samaiden climbed 9 sen to RM3.10, and Solarvest rose 8 sen to RM4.24. The top losers included Negri Sembilan Oil Palms, which fell 42 sen to RM5.03, Malaysian Pacific Industries declined 18 sen to RM43.32, and FCW dropped 11 sen to RM1.70. The FBM Mid 70 Index rose 12.37 points to 17,549.44, while the Financial Services Index fell 30.91 points to 18,347.54. Trading in MKH Bhd securities was suspended as per Market Listing Requirements.",
  "summary": "Bursa Malaysia opened higher on Friday, with the FTSE Bursa Malaysia KLCI rising 1.14 points to 1,602.15. The index had opened 1.93 points higher at 1,602.94. In the broader market, losers outnumbered gainers 233 to 216, with 284 counters unchanged, 2,095 untraded, and 13 suspended. Turnover stood at 326.93 million units worth RM155.22 million, according to Free Malaysia Today.\n\nThe ringgit opened marginally higher against the US dollar, edging up to 4.0880/0945 from Thursday's close of 4.0890/0940. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said markets would focus on the government's fiscal position, with expectations that it would maintain fiscal discipline and keep the fiscal deficit on a downward trajectory. This was particularly important given the political considerations surrounding the Budget, with state elections approaching and a general election expected in the future, as reported by Malay Mail and New Straits Times, and Free Malaysia Today.\n\nThe ringgit traded lower against major currencies at the opening, falling against the euro, weakening against the Japanese yen, and easing against the British pound. Against regional currencies, the ringgit traded mixed, strengthening against the Singapore dollar but weakening against the Thai baht, according to multiple outlets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ringgit opens marginally higher as Budget 2027 fiscal outlook in focus",
        "url": "https://urgent.news/2026/10/09/ringgit-opens-marginally-higher-as-budget-2027-fiscal-outlook-in-focus",
        "published": "2026-10-09T00:49:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Ringgit opens marginally higher against US dollar as 2027 Budget fiscal outlook in focus",
        "url": "https://urgent.news/2026/10/09/ringgit-opens-marginally-higher-against-us-dollar-as-2027-budget",
        "published": "2026-10-09T00:57:34.000Z"
      },
      {
        "outlet": "The Vibes",
        "title": "Budget 2027: Anwar to chart path towards stronger growth, better jobs and higher living standards",
        "url": "https://urgent.news/2026/10/09/budget-2027-anwar-to-chart-path-towards-stronger-growth-better-jobs",
        "published": "2026-10-09T01:56:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}