FBM KLCI Rebounds Slightly on Fed Pause Hopes

KUALA LUMPUR, Oct 5 — The FBM KLCI opened higher on Monday, rising 4.53 points to 1,635.39 at 9.05am, supported by weaker U.S. jobs data that eased inflation concerns and strengthened expectations of a Federal Reserve rate pause.

FBM KLCI Rebounds

Banking stocks led gains, with Maybank up four sen to RM10.06, Hong Leong Bank adding six sen to RM22.70, Public Bank climbing four sen to RM4.70 and AMMB rising six sen to RM6.45. Among actively traded counters, VS Industry gained three sen to 32 sen, Notion VTech rose 4.5 sen to 75 sen, and GB Bond added 1.5 sen to 24.5 sen.

Analysts remain cautious, citing elevated bond yields and oil price swings as factors likely to keep investors defensive and gains uneven in the near term.

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Can bargain hunting gain traction?

FBM KLCI, Malaysian banks, Fed pause hopes, market volatility