Bursa ended the trading session of July 3 on a stronger note, buoyed by a rally in banking stocks and improved risk appetite following softer-than-expected US labour market data.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 17.22 points, or 1.04%, to 1,679.05 compared to its close of 1,661.83, marking a broad-based rebound across index-linked counters.
Broader indices also finished higher, with the FBM 70 rising 55.67 points (0.31%) to 17,840.36, while the FBM Emas gained 106.34 points (0.86%) to 12,457.01. The FBM Shariah climbed 87.18 points (0.71%) to 12,292.23 and the F4GBM added 8.80 points (0.88%) to 1,009.63.
Market activity improved, with turnover rising to 2.79 billion units worth RM1.93 billion compared to 2.7 billion units previously.
Speculative interest remained elevated in lower-priced counters, with Velesto Energy Bhd emerging as the most actively traded stock, increased two sen to 28.5 sen on 918,755 lots, while new ACE Market debutant Eckem Holdings Bhd closed unchanged at 12 sen despite heavy volume of 820,880 lots. Zetrix AI Bhd added one sen to 79 sen on 711,196 lots and Silver Ridge Holdings Bhd surged four sen to 21 sen on 488,347 lots. Tanco Holdings Bhd was unchanged at 17.5 sen on 589,606 lots.
The day’s gains were anchored by strong buying interest in banking heavyweights, which tracked improved global sentiment after US labour market data came in softer than expected, easing concerns over monetary tightening.
Sentiment was further supported by broad-based participation across key index sectors, with financials leading the rebound and helping lift the benchmark to its strongest close in recent sessions.
Overall, the session closed on a firmer and more constructive tone, with index gains supported by heavyweight banking stocks even as speculative trading remained concentrated in lower liners.
