Bursa Malaysia extended its losses on Oct 8, with the benchmark FBM KLCI tumbling 10.77 points, or 0.67%, to 1,601.01 as investors remained cautious ahead of Oct 9’s Budget 2027 announcement, while surging oil prices and escalating geopolitical tensions in West Asia intensified selling pressure.
At the closing bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell from Oct 7’s 1,611.78, having traded between an intraday high of 1,613.45 and a low of 1,597.94.
The benchmark recovered slightly from its session low but remained firmly in negative territory, reflecting persistent risk aversion ahead of the much-anticipated national budget.
Losses extended across the broader market, with the FBM 70 Index suffering the steepest decline, plunging 216.42 points, or 1.22%, to 17,537.07.
The FBM Emas shed 95.19 points, or 0.79%, to 12,029.76, while the F4GBM slipped 8.13 points, or 0.83%, to 974.19.
The FBM Shariah declined 87.32 points, or 0.72%, to 12,059.83, underscoring the widespread weakness across the market.
The losses reflected heightened caution as investors assessed the potential impact of Budget 2027 alongside external uncertainties, particularly rising energy costs and geopolitical tensions.
Zetrix AI Bhd continues to dominate the most active list, with 237.25 million shares traded, slipping half a sen to 7.5 sen after moving between seven sen and 8.5 sen.
Top Glove Corporation Bhd followed with 112.64 million shares changing hands, gaining two sen to 87.5 sen, while VS Industry Bhd edged up half a sen to 33 sen on 106.02 million shares.
PUC Bhd remained unchanged at four sen, recording trading volume of 67.03 million shares, while JAKS Resources Bhd climbed one sen to 18.5 sen with 66.11 million shares traded.
Despite selective buying interest in several actively traded counters, the overall market remained weighed down by selling pressure.
Investors are expected to closely scrutinise Budget 2027 on Oct 9 for fiscal measures, development spending and sector-specific incentives that could influence market direction, while developments in West Asia and oil price movements remain key external risks.
