{
  "id": 13943569,
  "title": "Banking stocks lift Bursa Malaysia on Budget 2027 measures",
  "url": "https://urgent.news/2026/10/12/banking-stocks-lift-bursa-malaysia-on-budget-2027-measures",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T11:11:08.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/12/banking-stocks-lift-bursa-malaysia-on-budget-2027-measures/238852"
  },
  "original_language": "en",
  "account": "On October 12, Bursa Malaysia experienced a positive trend, bolstered by banking stocks benefiting from the Budget 2027 measures. The FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 9.56 points, or 0.59 percent, to 1,618.01 from its Friday close of 1,608.45. The index opened 3.34 points higher at 1,611.03 and fluctuated between 1,608.91 and 1,619.30 throughout the session. Turnover rose slightly to 3.36 billion units worth RM2.91 billion, compared to 3.33 billion units worth RM2.90 billion on Friday. Thong Pak Leng, Rakuten Trade Sdn Bhd vice-president of equity research, stated that the market is cautiously optimistic due to the new Budget 2027 policy offerings, which have reduced uncertainty and allowed investors to assess sector outlooks. Despite the benefits of the budget being yet to materialize, its focus on domestic consumption, infrastructure, and investment should enhance market sentiment. Analysts anticipate a gradual market recovery this week, particularly in banking and other fundamental blue chips, although persistent foreign selling, elevated bond yields, and geopolitical uncertainties may limit upside. The FBM KLCI is expected to trade within the 1,600-1,630 range this week, with a positive bias. Among notable stocks, Maybank rose 14 sen to RM9.95, Public Bank increased nine sen to RM4.66, CIMB gained four sen to RM7.30, and Tenaga Nasional added 16 sen to RM13.04. Other notable movers include Nestle, MISC, Vitrox, MI Technovation, and Hong Leong Financial. Conversely, Malaysian Pacific dropped 1.06 RM to RM43.02, United Plantations fell 48 sen to RM30.22, Genting decreased 43 sen to RM1.45, and YTL Power lost 20 sen to RM5.50.",
  "summary": "KUALA LUMPUR, Oct 12 —Bursa Malaysia continued last week’s positive performance, led by bargain hunting in b...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}