FBM KLCI gains as bargain hunting lifts market sentiment

KUALA LUMPUR, 12 Oct, 2026: The FBM KLCI closed 0.47% higher on Friday, supported by selective bargain hunting and optimism surrounding Budget 2027.

The benchmark index gained 7.44 points to 1,608.45, with market breadth remaining positive as 627 counters advanced against 451 decliners.

Construction stocks led sectoral gains, rising 2.30%, followed by transportation and logistics at 1.19% and property at 1.18%. Healthcare fell 0.75%, while energy slipped 0.09%.

Total trading volume stood at 3.33 billion shares valued at RM2.90 billion.

bargain hunting

Regional markets delivered mixed performances. Hong Kong’s Hang Seng Index advanced 1.79% to 24,211.35, while the Shanghai Composite Index edged up 0.05% to 3,813.79. Japan’s Nikkei 225 slipped 0.02% to 69,030.92, South Korea’s KOSPI dropped 2.62% to 6,625.93, and Singapore’s STI eased 0.20% to 5,401.89.

On Wall Street, the Dow Jones Industrial Average gained 0.83% to 51,654.95, the S&P 500 rose 0.59% to 7,811.54, and the Nasdaq advanced 0.64% to 27,366.17.

Brent crude settled at US$104.72 a barrel amid supply concerns, while the US 10-year Treasury yield ended around 5.24%.

The FBM KLCI is expected to trade between 1,600 and 1,615, with infrastructure, utilities, banking and selected consumer stocks remaining in focus.

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