Bursa Malaysia opens firmer with FBM KLCI up 3.42 points at 9.11am
The FTSE Bursa Malaysia KLCI rose 3.42 points to 1,714.79 at 9.11am, up from Wednesday’s close of 1,711.37.
Source: Free Malaysia Today · July 23, 2026 at 3:00 PM · AI-assisted report
Single-sourceMALAYSIA, 23 JULY 2026 —
The FTSE Bursa Malaysia KLCI rose 3.42 points to 1,714.79 at 9.11am, up from Wednesday’s close of 1,711.37.
Market Impact
Malacca Securities Sdn Bhd said Alphabet Inc’s stronger-than-expected second-quarter results, led by growth in Google Cloud, lifted regional technology shares and spilled over to local counters. The brokerage noted Alphabet’s capital expenditure nearly doubled year-on-year to US$44.9 billion, with AI spending pushing quarterly free cash flow to a negative US$5.9 billion for the first time.
The FBM KLCI opened 0.20 point higher at 1,714.38. Gainers outpaced losers 203 to 134, while 315 counters were unchanged, 2,100 untraded and 23 suspended. Turnover totalled 313.06 million shares worth RM101.23 million.
Local technology stocks led early gains. KESM Industries rose 15 sen to RM4.40, Kelington gained nine sen to RM8.17 and Mi Technovation added seven sen to RM5.76. Among heavyweights, Maybank and Public Bank were flat at RM10.94 and RM5.15 respectively. Tenaga Nasional added two sen to RM14.30, CIMB rose one sen to RM7.67 and IHH Healthcare firmed six sen to RM8.39.
Active counters showed mixed moves. AIMAX was flat at 1.5 sen, while Kinergy Advancement and Velesto Energy each added half-a-sen to 39.5 sen and 26.5 sen. Cape EMS gained one sen to 29.5 sen, but Zetrix AI edged down half-a-sen to 71 sen.
Broader indices advanced. The FBM Emas Index gained 20.74 points to 12,676.70, the FBMT Top 100 Index rose 18.38 points to 12,498.35 and the FBM Emas Shariah Index added 25.43 points to 12,523.13. The FBM ACE Index climbed 9.98 points to 4,971.0, while the FBM Mid 70 Index slipped 1.361 points to 17,955.45.
By sector, the Financial Services Index added 4.87 points to 20,211.98, the Industrial Products and Services Index rose 0.65 point to 189.01 and the Energy Index gained 3.57 points to 777.98. The Plantation Index lagged, shedding 37.18 points to 9,284.06.
Hong Leong Industries led sectoral gainers, up 10 sen at RM18.10, followed by Petronas Chemical, nine sen higher at RM4.81, and PPB Group, seven sen firmer at RM9.47. Decliners were led by United Plantations, which fell RM1.34 to RM32.70, Petronas Gas down 16 sen at RM17.52 and Press Metal Aluminium, which lost six sen to RM7.99. Spritzer and Kuala Lumpur Kepong each dropped four sen to RM2.86 and RM20.88.
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