Kuala Lumpur:Bursa Malaysia remained in positive territory at mid-morning on Monday, driven by interest in technology and energy stocks following a neutral to mildly positive impact from Budget 2027 on Malaysian equities.
According to BERNAMA News Agency, CIMB Securities Sdn Bhd noted that increased disposable incomes and targeted assistance are expected to boost consumer spending. Housing incentives and investment measures are anticipated to benefit companies in construction, property, technology, and renewable energy sectors.
By 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.27 points to 1,616.72 from Friday's close of 1,608.45, having opened 3.34 points higher at 1,611.03. Despite the index gains, market breadth was negative with 545 decliners outnumbering 292 gainers. Additionally, 491 counters were unchanged, 1,499 remained untraded, and 12 were suspended. The turnover stood at 1.44 billion shares worth RM830.53 million.
Among the heavyweights, Maybank increased by 14 sen to RM9.95, Public Bank rose nine sen to RM4.66, CIMB gained five sen to RM7.31, Tenaga Nasional was up eight sen to RM12.96, while IHH Healthcare declined by four sen to RM7.86. In active trade, Zetrix AI remained unchanged at 8.5 sen, VS Industry fell two sen to 32.5 sen, JAKS Resources decreased by half a sen to 17.5 sen, Genting dropped 30 sen to RM1.58, but Nationgate climbed two sen to RM2.13.
Nestle led the gainers with a 62 sen increase to RM90.78. MISC rose by 26 sen to RM7.85, while Kuala Lumpur Kepong and Vitrox each appreciated by 24 sen to RM20.86 and RM11.24, respectively. Conversely, Malaysian Pacific was the leading decliner, dropping 62 sen to RM43.46, followed by Genting Malaysia down 11 sen to RM1.38. AME REIT decreased by 10 sen to RM1.52, while Gamuda and Hengyuan Refining each fell nine sen to RM5.0 and RM3.57, respectively.
On the broader market, the FBM Mid 70 Index dropped 83.20 points to 17,599.90. Meanwhile, the FBM Emas Shariah Index gained 2.10 points to 12,131.88, the FBM Emas Index added 23.61 points to 12,122.44, the FBM Top 100 Index advanced 30.27 points to 11,901.67, and the FBM ACE Index decreased by 48.48 points to 5,606.09.
Sector-wise, the Energy Index rose 0.56 of a point to 839.13, and the Financial Services Index climbed 172.81 points to 18,597.63. In contrast, the Plantation Index fell by 0.71 of a point to 8,889.55, and the Industrial Products and Services Index edged down 0.20 of a point to 180.55.