FBM KLCI slips 0.16% as Fed holds rates steady
The FBM KLCI fell 2.68 points, or 0.16%, to 1,712.88 at 9.05am after closing at 1,715.56 the previous day.
Source: Free Malaysia Today · July 30, 2026 at 11:29 AM · AI-assisted report
Single-sourceUS, 30 JULY 2026 —
The FBM KLCI fell 2.68 points, or 0.16%, to 1,712.88 at 9.05am after closing at 1,715.56 the previous day.
Traders weighed the US Federal Reserve’s decision to keep its benchmark rate unchanged between 3.35% and 3.75% for a fifth consecutive meeting. Wall Street closed sharply lower as investors questioned whether the stance would sufficiently curb inflation, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said.
“The uncertainty over the Strait of Hormuz remains as crude oil prices escalate with Brent hitting above US$90 per barrel at a point,” Thong said.
Losers led gainers 239 to 76 on turnover of 98.08 million shares worth RM56.55 million. A total of 2,225 counters were untraded and 87 were suspended.
Tenaga Nasional slid 14 sen to RM14.46, CIMB lost two sen to RM7.79 and IHH Healthcare was flat at RM8.35. Maybank and Public Bank each rose two sen to RM10.88 and RM5.17.
Marine & General added one sen to 28 sen, MAG Holdings was unchanged at 16.5 sen and VS Industry declined one sen to 22.5 sen. PUC dropped half-a-sen to 3.5 sen and AirAsia Group slipped two sen to RM1.04.
Petronas Gas gained 14 sen to RM17.78, TradePlus Shariah Gold Tracker surged five sen to RM5.14 and Westports Holdings added four sen to RM6.87. Hengyuan Refining Company rose four sen to RM6.87 while Hong Leong Bank climbed five sen to RM5.01.
The FBM Emas Index fell 24.36 points to 12,648.44, the FBM Top 100 Index lost 23.43 points to 12,483.74 and the FBM Mid 70 Index dropped 50.09 points to 17,931.54. The FBM Emas Shariah Index tumbled 36.13 points to 12,469.24 and the FBM ACE Index slid 29.40 points to 4,895.31.
By sector, the Industrial Products and Services Index eased 0.41 point to 185.92, the Plantation Index edged down 0.83 point to 9,301.09, and the Energy Index fell 0.13 point to 70.81. The Financial Services Index bucked the trend, rising 13.95 points to 20,230.93.
Related: Bursa Malaysia · US Federal Reserve · Thong Pak Leng · US
Malaysia Impact
The Fed's decision may lead to a cautious approach among investors in Malaysia, potentially affecting the ringgit and the KLCI.