Bursa Malaysia opens higher tracking overnight gains on Wall Street
Bursa Malaysia opened higher on today, tracking overnight gains on Wall Street spearheaded by tech stocks, amid West Asia uncertainties.At 9.10 am, ...
Source: Malay Mail · July 21, 2026 at 8:29 AM · AI-assisted report
Single-sourceJOHOR, 21 JULY 2026 —
Bursa Malaysia opened higher on Wednesday, with the FTSE Bursa Malaysia KLCI gaining eight points to 1,685.64 by 9.10 am, a 0.48 per cent rise from the prior session’s close.
Market Impact
The market’s advance followed overnight gains on Wall Street, where technology stocks led the rebound. Brent crude oil futures eased to around US$76 per barrel amid reports of renewed efforts to revive negotiations between the United States and Iran.
Investors remained cautious ahead of this weekend’s Johor state election, with expectations the benchmark index would trade within a narrow range. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the focus on domestic politics limited broader market participation.
“Given the Johor polls, we expect the FBM KLCI to hover between 1,675 and 1,685 today,” he told Bernama.
Heavyweight financial stocks led the gains. Maybank rose 10 sen to RM10.96, while Public Bank added a sen to RM4.86 and CIMB gained four sen to RM7.64. IHH Healthcare advanced five sen to RM8.37, and Tenaga Nasional was flat at RM14.30.
Among mid-cap and smaller stocks, SRKK AI, Aemulus and Zetrix AI each rose 1.5 sen to 62.5 sen, 32.5 sen and 74 sen respectively. SMRT edged up one sen to 20 sen, while MAG held steady at 17.5 sen.
The top percentage gainers included Malaysian Pacific Industries, up 34 sen to RM46.60, Allianz Malaysia, up 18 sen to RM21.30, and Hong Leong Industries and Nestle, both up 10 sen to RM18.74 and RM91.40.
On the downside, KKB Engineering fell seven sen to RM1.21, United Plantations shed six sen to RM34.34, and Kelington dropped five sen to RM7.93. Hibiscus Petroleum eased three sen to RM1.99, while Petronas Chemicals was two sen lower at RM4.33.
Broader indices reflected the upward momentum. The FBM Emas Index climbed 55.34 points to 12,495.82, the FBMT 100 Index rose 57.09 points to 12,325.19, and the FBM Emas Shariah Index gained 50.37 points to 12,330.65.
The FBM 70 Index advanced 76.78 points to 17,874.42, and the FBM ACE Index added 10.64 points to 4,901.73.
Sector performance was mixed. The Financial Services Index surged 91.92 points to 19,920.0, the Plantation Index rose 42.45 points to 9,119.43, and the Industrial Products and Services Index gained 0.41 point to 181.07. The Energy Index slipped 0.11 point to 773.85.
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