Bursa Climbs Further as Budget 2027 Boosts Banking Stocks

Bursa climbs further as Budget 2027 boosts banking stocks

KUALA LUMPUR: Bursa Malaysia extended last week’s gains, driven by bargain-hunting in banking stocks following Budget 2027 measures supporting SME lending, housing financing and investment-driven credit growth.At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.56 points, or 0.59%, to 1,618.01 from Friday’s close of 1,608.45.Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said markets were cautiously optimistic as Budge…

Bursa Malaysia Closes Higher Driven By Banking Stock Rally And Budget 2027 Support

Bursa Malaysia closed higher on Oct 12, 2026, as a rally in banking stocks and Budget 2027 credit growth incentives pushed the FBM KLCI to 1,618.01.