FBM KLCI Opens Higher Ahead of Budget 2027

The FTSE Bursa Malaysia KLCI opened higher on October 9, 2026, gaining 1.14 points to reach 1,602.15. The rise occurred as investors anticipated the Budget 2027 announcement, specifically looking for increased government allocations for the Sumbangan Asas Rahmah and Sumbangan Tunai Rahmah programs. Analysts noted that such measures could benefit value retailers, including 99 Speed Mart Retail.

Despite the index gain, the broader market remained mixed, with losers outnumbering gainers 233 to 216. Heavyweights Maybank and Tenaga Nasional recorded gains, while CIMB saw a slight decline. Market momentum remains below key moving averages, though selling pressure has begun to ease.

Local trading took place against a backdrop of global volatility. Wall Street closed with mixed results following OpenAI revenue reports, and the Hong Kong HSI fell to a two-month low due to spikes in crude oil prices. These external factors, along with fluctuations in US 10-year Treasury yields, influenced the performance of local blue-chip stocks.