{
  "id": 16996556,
  "title": "Bursa Malaysia opens higher for third straight day as Fed decision lifts market sentiment",
  "url": "https://urgent.news/2026/10/29/bursa-malaysia-opens-higher-for-third-straight-day-as-fed-decision",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T02:23:30.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/29/bursa-malaysia-opens-higher-for-third-straight-day-as-fed-decision-lifts-market-sentiment/241079"
  },
  "original_language": "en",
  "account": "Bursa Malaysia's stock market opened higher for the third consecutive day, following a positive trend on Wall Street after the U.S. Federal Reserve decided to keep interest rates unchanged. The FTSE Bursa Malaysia KLCI index, a key benchmark, rose by 4.71 points or 0.29% to 1,618.58 at 9:10 am, up from yesterday's closing figure of 1,613.87. The index opened 0.57 of a point higher at 1,614.44. Gainers outnumbered losers by a ratio of 198 to 104, with 291 counters remaining unchanged, while 161 were suspended, 2,284 untraded, and the turnover amounted to 173.26 million units, valued at RM74.17 million. Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, noted that the Fed's decision to keep rates unchanged was widely anticipated, but acknowledged the ongoing concerns over persistent inflation. He further mentioned that the benchmark index is gradually stabilising, although the relatively low trading activity indicates that investors are cautious. He expects bargain-hunting to continue among fundamentally sound counters in the banking, technology, and plantation sectors. Among the top gainers were Maybank at RM10.00, Public Bank at RM4.74, CIMB at RM7.14, Tenaga Nasional at RM13.32, and IHH Healthcare at RM7.83. Meanwhile, Zetrix AI and Land & General remained flat at 8.5 sen and 19 sen, respectively, while Kanger International dropped to one sen. CTOS Digital rose by three sen to 42 sen, and Iconic Worldwide increased by half a sen to 12 sen. Nestle, the top gainer, climbed by 52 sen to RM98.50, while Bursa Malaysia Bhd rose by 11 sen to RM8.11. Among the top losers were United Plantations at RM29.16 and LPI Capital at RM13.04. Spritzer and Hap Seng Plantations both slipped by three sen to RM3.66 and RM2.22, respectively. QL Resources decreased by two sen to RM3.78. The FBM Emas Index rose by 31.42 points to 12,098.69, FBM Top 100 Index increased by 30.95 points to 11,890.23, FBM Mid 70 Index gained 30.11 points to 17,478.13, FBM Emas Shariah Index went up by 26.34 points to 12,107.48, and FBM ACE Index went up by 1.57 points to 5,483.49. The Industrial Products and Services Index edged up by 0.06 of a point to 179.09, the Energy Index increased by 1.95 points to 848.32, the Financial Services Index jumped by 62.23 points to 18,641.47, while the Plantation Index declined by 5.12 points to 8,641.71.",
  "summary": "KUALA LUMPUR, Oct 29 — Bursa Malaysia opened higher for the third consecutive day today tracking overni...",
  "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."
}