KUALA LUMPUR: Bursa Malaysia advanced at mid-morning on Wednesday as bargain hunting in battered heavyweight stocks lifted the benchmark, with investors weighing Budget 2027’s focus on domestic consumption, infrastructure, investment and fiscal discipline.
At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 12.19 points, or 0.75 per cent, to 1,635.54 from Tuesday’s close of 1,623.35. The benchmark index opened 0.59 points higher at 1,623.94.
Market breadth, however, remained negative, with 413 decliners outnumbering 380 gainers. Another 498 counters were unchanged, 1,564 remained untraded and 21 were suspended.
Turnover stood at 1.32 billion shares worth RM844.48 million.
Among heavyweight stocks, Maybank added three sen to RM9.99, while Public Bank gained nine sen to RM4.79. CIMB advanced 15 sen to RM7.65, and IHH Healthcare climbed 13 sen to RM8.11. Tenaga Nasional, however, fell two sen to RM13.02.
In active trade, Ecosys increased 50 sen to 77 sen. Zetrix AI and JAKS Resources each slipped half a sen to six sen and 14.5 sen, respectively. Ni Hsin
and Top Glove each gained two sen to 41 sen and 8.75 sen, respectively.
Malaysian Pacific Industries led the gainers, climbing 36 sen to RM41.52. Mentiga Corporation advanced 22 sen, while Alliaz Malaysia gained 20 sen to RM20.12. AMMB Holdings added 18 sen to RM6.45, and Hong Leong Financial rose 16 sen to RM17.76.
Solarvest led the decliners, shedding 26 sen to RM3.84, followed by Samaiden Group, which fell 25 sen to RM2.82. Pekat Group declined 22 sen to RM2.69, while Vitrox lost 18 sen to RM10.56. United Plantations slipped 16 sen to RM30.44.
On the broader market, the FBM Emas Shariah Index gained 21.09 points to 12,095.56, while the FBM Emas Index added 62.43 points to 12,168.18. The FBM Top 100 Index advanced 64.65 points to 11,963.11.
In contrast, the FBM Mid 70 Index fell 9.08 points to 17,368.92, while the FBM ACE Index shed 32.50 points to 5,452.85.
Sector-wise, the Plantation Index increased 25.91 points to 8,839.03, and the Industrial Products and Services Index went up 1.36 points to 181.06, while the Financial Services Index jumped 197.02 points to 18,963.20. In contrast, the Energy Index went down 4.42 points to 830.54. - Bernama
