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Malaysian Stock Market Extends Rally to Five Consecutive Trading Sessions

Strategic Insights

— 1 min read

The FTSE Bursa Malaysia KLCI (FBM KLCI) reached a new high on the fifth consecutive trading session, driven by sustained buying momentum in technology and Petronas-linked counters. The benchmark index rose 8.68 points to 1,550.21, while the broader market saw 531 gainers outpacing 442 decliners. Malaysian Pacific Industries and Petronas Dagangan were among the top gainers, rising RM1 and 44 sen respectively.

Key Takeaways:

  • The FBM KLCI has now recorded five consecutive trading sessions of rally, with the index reaching a new high at the close today.
  • The broader market was broadly positive, with 531 gainers outpacing 442 decliners, while 498 counters were unchanged.
  • The top gainers were Malaysian Pacific Industries and Petronas Dagangan, rising RM1 and 44 sen respectively.
  • Heavyweight counters such as Maybank and Public Bank also rose, adding 4.0 sen and 6.0 sen respectively to RM9.76 and RM4.32.
  • The index showed strength on the domestic front, supported by steady net foreign inflows and sustained interest in heavyweight counters.
  • Thong Pak Leng, equity research vice-president at Rakuten Trade Sdn Bhd, raised the weekly target for the index to 1,530-1,560, anticipating the index will remain firm within this range.

Statistics:

  • The FBM KLCI rose 8.68 points to 1,550.21, representing a 0.56 per cent increase from yesterday's close of 1,541.53.
  • Turnover rose to 3.11 billion units worth RM2.38 billion against 2.05 billion units worth RM2.15 billion yesterday.
  • The broader market saw 531 gainers outpacing 442 decliners, while 498 counters were unchanged, 920 untraded, and 14 suspended.
  • The FBM Emas Index increased 57.5 points to 11,582.09, the FBMT 100 Index garnered 56.95 points to 11,360.77, and the FBM Emas Shariah Index climbed 38.42 points to 11,599.83.
  • The Main Market volume slipped to 1.27 billion units worth RM2.09 billion against 1.40 billion units valued at RM2.02 billion yesterday.

Sources:

  • Thong Pak Leng, equity research vice-president at Rakuten Trade Sdn Bhd
  • Bursa Malaysia
  • Bernama

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