Bursa Malaysia holds steady after Wall St rally, crude oil price tumbles
Bursa Malaysia’s FBM KLCI rose 0.04% to 1,726.35 at midday, paring its gain from the open after Brent crude sank 7% below US$84 a barrel.
Source: The Star · August 9, 2026 at 11:51 PM · AI-assisted report
Single-sourceKUALA LUMPUR, 10 AUGUST 2026 —
Bursa Malaysia steadies after Wall Street rally as oil prices plunge
Market Impact
KUALA LUMPUR — Bursa Malaysia’s FBM KLCI rose 0.04% to 1,726.35 at midday on Friday, paring gains from the open as Brent crude tumbled 7% below US$84 a barrel.
The benchmark index gained 0.62 points, reflecting cautious optimism following a Wall Street rally overnight. Investors welcomed the decline in oil prices amid ongoing efforts by the US and Iran to finalize a lasting peace deal in the Middle East.
Brent crude futures for October delivery fell over 7% in the previous session to below US$84 a barrel, as markets anticipated increased oil supply from the Gulf region. The benchmark has since stabilized between US$84 and US$85 a barrel, pending further developments in the peace negotiations.
Apex Securities noted that market focus is shifting toward the release of the Federal Open Market Committee (FOMC) meeting minutes on Wednesday and Friday’s US non-farm payrolls data for policy and economic signals.
“Overall, we expect improving external sentiment to underpin buying interest, although stock selection is likely to remain driven by the ongoing earnings season,” Apex Securities said in its market outlook.
The brokerage expects volatility in the technology sector due to mixed semiconductor performance. It anticipates energy and transport-related counters to benefit from lower crude prices, while financial services may gain from improving market sentiment.
In early trading, Sunway Construction surged 12 sen to RM7.87 after securing a data center project from a US multinational in Johor. Semiconductor stocks also advanced, with MPI rising 66 sen to RM46.68, Vitrox gaining 25 sen to RM8.95, and Frontken climbing eight sen to RM5.10.
Among active stocks, Nationgate gained three sen to RM1.26, GIIB added one sen to 45 sen, and Kinergy remained flat at 41.5 sen.
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