KUALA LUMPUR, Sept 10 — Bursa Malaysia stayed lower at mid-morning as selling activity continued amid cautious sentiment following higher oil prices which rose above US$101 (RM410) per barrel, fuelling concerns over sustained inflation and higher energy costs for consumers.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 7.52 points to 1,706.82 from Wednesday’s close of 1,714.34, after opening 1.64 points lower at 1,712.70.
Market breadth was negative, with losers exceeding gainers 512 to 353. A total of 483 counters were unchanged, 1,483 untraded and 21 suspended.
Turnover stood at 1.51 billion shares worth RM864.49 million.
Apex Securities Bhd said energy counters may extend their gains as Brent crude climbs above US$100 per barrel amid escalating West Asia tensions.
Plantation counters could also see some interest, with higher oil prices lending indirect support to crude palm oil prices.
“Support is seen at 1,700, with a break below opening the door to a retest of 1,685.
“A break above 1,720-1,725 could show that the rebound is more than just a temporary bounce. However, a break above 1,750-1,755 would be a stronger sign that the overall trend is starting to change,” the brokerage firm said in a note today.
Among the heavyweights, Maybank increased four sen to RM10.50, Public Bank added two sen to RM4.91, CIMB was flat at RM7.91, Tenaga slid four sen to RM13.70 and IHH Healthcare dropped seven sen to RM7.85.
Actively traded stocks included Zetrix AI, which fell half a sen to 26.5 sen. Ni Hsin dropped 3.5 sen to 26.5 sen, Top Glove gained six sen to 69 sen, HHRG was unchanged at 17.5 sen and VS Industry added half a sen to 23.5 sen.
The top gainers were led by United Plantations, which rose 68 sen to RM33.68, followed by Nestle, which ticked up 38 sen to RM93.38, Henyuan Refining grew 24 sen to RM3.40, Ajinomoto advanced 20 sen to RM19.42 and Petronas Dagangan bagged 16 sen to RM20.46.
The top losers included Telekom, which fell 23 sen to RM7.95, Hong Leong Financial, which eased 12 sen to RM18.92, Kelington slipped 11 sen to RM8.54, Sime Darby and MISC lost 10 sen to RM2.55 and RM7.79 respectively.
On the index board, the FBM Emas Index weakened 42.86 points to 12,638.15, the FBM Top 100 Index slid 43.61 points to 12,436.35, the FBM Emas Shariah Index dropped 43.03 points to 12,463.87, the FBM Mid 70 Index erased 15.04 points to 17,849.52, and the FBM ACE Index fell 2.27 points to 5,295.39.
Sector-wise, the Financial Services Index weakened 72.72 points to 19,974.83, while the Plantation Index trimmed 24.83 points to 9,425.14.
The Industrial Products and Services Index edged down 0.50 of a point to 187.56, while the Energy Index strengthened 5.44 points to 823.97. — Bernama
Date: 10 September, 2026 11:54 am
Source: Malay Mail
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