KUALA LUMPUR, Sept 7 (Bernama) -- Bursa Malaysia traded higher on Monday, supported by renewed buying interest in selected banking and telecommunications heavyweights, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.69 points, or 0.39 per cent, to 1,714.79, compared with Friday’s close of 1,708.10. The benchmark index opened 1.60 points higher at 1,709.70 and fluctuated between 1,708.26 and 1,715.29 throughout the trading session. The broader market, however, was negative with losers outpacing gainers 611 to 488, while 580 counters were unchanged, 1,109 untraded and 25 suspended. Turnover declined to 3.60 billion units valued at RM2.45 billion from 4.33 billion units valued at RM2.98 billion on Friday.
Malaysia’s market opened with mixed signals as strong global sentiment contrasts with local profit-taking , while the IMF upgraded the country’s 2026 GDP outlook , reinforcing medium-term optimism. Wall Street Gains on Easing Geopolitical Risks US markets closed mostly higher as optimism grew that the US-Iran conflict may be nearing an end : S&P 500 +0.8% Nasdaq Composite +1.59% Dow Jones Industrial Average -0.15% Technology stocks led gains, driven by continued AI enthusiasm and corporate developments : Tesla +7.6% on AI chip progress Oracle +4.2% on energy deal Lower geopolitical risks are expected to ease oil prices and inflation pressures , supporting equities. KLCI Slips on Profit-Taking in Heavyweights The FTSE Bursa Malaysia KLCI edged 0.28% lower to 1,683.42 , as gains were capped by profit-taking in financial and utility stocks . Top gainer: Axiata Group +3.72% ...