Kuala Lumpur:Bursa Malaysia remained in positive territory at mid-morning on Monday, with technology and energy stocks emerging as selective beneficiaries from the neutral to mildly positive Budget 2027 for Malaysian equities.
According to BERNAMA News Agency, CIMB Securities Sdn Bhd highlighted that higher disposable incomes and targeted assistance could bolster consumer spending. Housing incentives and investment measures are expected to benefit sectors such as construction, property, technology, and renewable energy.
By 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) had risen 8.27 points to 1,616.72 from Friday's close of 1,608.45, having opened 3.34 points higher at 1,611.03. Despite the gains, market breadth was negative with 545 decliners outnumbering 292 gainers. Additionally, 491 counters remained unchanged, 1,499 were untraded, and 12 were suspended. The turnover reached 1.44 billion shares valued at RM830.53 million.
Among the heavyweights, Maybank increased by 14 sen to RM9.95, Public Bank was up nine sen to RM4.66, CIMB rose five sen to RM7.31, Tenaga Nasional added eight sen to RM12.96, while IHH Healthcare decreased by four sen to RM7.86.
In active trading, Zetrix AI remained flat at 8.5 sen, VS Industry dropped two sen to 32.5 sen, JAKS Resources fell half a sen to 17.5 sen, Genting declined 30 sen to RM1.58, but Nationgate climbed two sen to RM2.13.
Nestle led the gainers with a 62 sen increase to RM90.78, followed by MISC, which rose 26 sen to RM7.85. Kuala Lumpur Kepong and Vitrox each appreciated by 24 sen to RM20.86 and RM11.24, respectively.
Meanwhile, Malaysian Pacific led the decliners, losing 62 sen to RM43.46. Genting Malaysia fell 11 sen to RM1.38, AME REIT decreased 10 sen to RM1.52, and both Gamuda and Hengyuan Refining dropped nine sen each to RM5.0 and RM3.57, respectively.
In terms of broader market indices, the FBM Mid 70 Index fell 83.20 points to 17,599.90. The FBM Emas Shariah Index gained 2.10 points to 12,131.88, the FBM Emas Index rose 23.61 points to 12,122.44, the FBM Top 100 Index advanced 30.27 points to 11,901.67, while the FBM ACE Index slipped 48.48 points to 5,606.09.
Sector-wise, the Energy Index increased 0.56 of a point to 839.13, and the Financial Services Index jumped 172.81 points to 18,597.63. Conversely, the Plantation Index decreased by 0.71 of a point to 8,889.55, and the Industrial Products and Services Index edged down 0.20 of a point to 180.55.