Bursa rises ahead of Budget 2027, with cash aid measures putting retailers in focus

Bursa Malaysia opened higher today, as investors awaited the tabling of Budget 2027, with measures supporting consumer spending and strategic industries in focus. — Picture by Ahmad Zamzahuri

First Published: Friday, 09 Oct 2026 10:36 AM MYT

KUALA LUMPUR, Oct 9 — Bursa Malaysia opened higher on Friday ahead of the tabling of Budget 2027 today, with investors monitoring measures to support strategic industries and household spending.

At 9.16am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.14 points to 1,602.15 from Thursday’s close of 1,601.01. The index opened 1.93 points higher at 1,602.94.

However, in the broader market, losers outnumbered gainers 233 to 216, with 284 counters unchanged, 2,095 untraded and 13 suspended.

Turnover stood at 326.93 million units worth RM155.22 million.

Malacca Securities Sdn Bhd said the FBM KLCI remained below key moving averages.

“Momentum indicators suggest that selling pressure may be easing, supported by a rounding bottom formation in the moving average convergence divergence and a relative strength index hovering near oversold territory.

“Key resistance lies at 1,616-1,631, while near-term support is expected around 1,571-1,586,” it said in a note today. 

Malacca Securities said 99 Speed Mart Retail could benefit from higher Sumbangan Asas Rahmah (SARA) and Sumbangan Tunai Rahmah (STR) allocations under Budget 2027, potentially boosting spending at value retailers.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street closed mixed following reports that OpenAI’s annualised revenue came in lower than the amount initially reported.

“Meanwhile, crude oil prices remain elevated while the US 10-year Treasury yield eased to 5.235 per cent.

“Over in Hong Kong, the HSI fell to a two-month low as sentiment was spooked by the spike in crude oil prices coupled with the volatility within the bond market,” he told Bernama. 

Back home, he saw current FBM KLCI levels as a solid opportunity to snap up local blue chips, thus expecting the index to possibly stage a rebound sooner rather than later.

“For today, we anticipate the index to hover within the 1,600-1,615 range,” he said.

Among the heavyweights, Maybank and Public Bank added one sen to RM9.81 and RM4.56, respectively. Tenaga Nasional gained two sen to RM12.92, IHH Healthcare rose seven sen to RM7.95, while CIMB eased three sen to RM7.23.

In active trade, Dagang NeXchange put on 1.5 sen to 54 sen, Ni Hsin inched up half a sen to 39.5 sen, Top Glove fell two sen to 85.5 sen, while Xidelang and Land & General were both flat at half a sen and 19 sen, respectively.

Among the top gainers, Mi Technovation increased by 56 sen to RM6.64, BLD Plantation rose 12 sen to RM14.98, Hong Leong Industries improved 12 sen to RM16.20, Samaiden gained nine sen to RM3.10, and Solarvest climbed eight sen to RM4.24.

For the top losers, Negri Sembilan Oil Palms fell 42 sen to RM5.03, Malaysian Pacific Industries declined 18 sen to RM43.32, FCW was 11 sen lower at RM1.70, while Hong Leong Financial Group and APM Automotive shed 10 sen each to RM17.18 and RM2.60, respectively.

On the index board, the FBM Mid 70 Index rose 12.37 points to 17,549.44, the FBM Emas Index gained 9.56 points to 12,039.32, the FBM Top 100 Index improved 8.41 points to 11,813.52, the FBM Emas Shariah Index rose 17.87 points to 12,0n77.70, and the FBM ACE Index edged up 14.24 points to 5,609.02.

Sector-wise, the Industrial Products and Services Index eased 0.11 of a point to 178.72, the Financial Services Index fell 30.91 points to 18,347.54, and the Plantation Index declined 12.29 points to 8,857.50, while the Energy Index rose 4.37 points to 843.71.

Trading in the securities relating to MKH Bhd will be suspended from 9am, Friday, October 16, 2026, pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements. — Bernama