Bursa Malaysia ended higher on Friday, with the FBM KLCI gaining 0.47% as investors welcomed Budget 2027 and bargain hunting supported a rebound following the market’s recent sell-off.
The benchmark index rose 7.44 points to 1,608.45 from Thursday’s close of 1,601.01, after trading between 1,600.55 and 1,609.94 during the session.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Budget 2027 could provide fresh catalysts for domestic consumption, infrastructure and selected growth sectors.
He said the recent market correction had brought valuations of selected blue-chip stocks to more attractive levels, although persistent foreign selling remained a headwind.
“While persistent foreign selling remains a key headwind, domestic institutional support and resilient economic fundamentals should help cushion the downside,” he told Bernama.
Thong added that oversold conditions had encouraged bargain hunting, supported by firmer regional emerging markets. However, elevated energy prices and bond market volatility continued to pose risks, with Brent crude easing 1.3% to US$102.91 per barrel.
YTL Power International contributed the most among selected index movers, rising 14 sen to RM5.70. 99 Speed Mart Retail and Press Metal Aluminium each gained 11 sen to RM3.23 and RM7.23 respectively. The three counters collectively added 5.45 points to the benchmark.
Among other heavyweights, Gamuda rose 14 sen to RM5.09, Hong Leong Bank gained 38 sen to RM21.48 and Sunway added nine sen to RM4.40. Petronas Gas fell 68 sen to RM17.12, while IOI Properties slipped three sen to RM3.35.
Market breadth was positive, with 627 gainers outpacing 450 decliners. Another 547 counters were unchanged, 1,204 remained untraded and 13 were suspended.
Total turnover fell to 3.33 billion shares worth RM2.90 billion from 3.51 billion shares valued at RM3.46 billion on Thursday.
The FBM Mid 70 Index advanced 146.04 points to 17,683.11, while the FBM Emas Index gained 69.07 points to 12,098.83. The FBM Top 100 Index rose 66.29 points to 11,871.40, the FBM Emas Shariah Index added 69.95 points to 12,129.78 and the FBM ACE Index climbed 59.79 points to 5,654.57.
Sector-wise, the Financial Services Index gained 46.37 points to 18,424.82, while the Industrial Products and Services Index rose 1.92 points to 180.75. The Plantation Index added 20.47 points to 8,890.26, while the Energy Index edged down 0.77 of a point to 838.57.
