Bursa Malaysia Opens Higher On Renewed Foreign Inflows
KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia opened higher on Tuesday, as renewed foreign inflows are expected to continue supporting the recovery of the FTSE Bursa Malaysia KLCI (FBM KLCI).
At 9.05 am, the FBM KLCI gained 1.40 points to 1,723.69 from last Monday’s close of 1,722.29.
The benchmark index opened 3.33 points higher at 1,725.62.
Across the broader market, gainers outpaced losers 132 to 110, while 249 counters were unchanged, 2,244 untraded and 12 suspended.
Turnover totalled 158.83 million shares worth RM135.17 million.
Hong Leong Investment Bank Bhd said resilient domestic fundamentals and renewed foreign inflows should continue supporting the KLCI’s recovery; however, near-term gains may be tempered by external headwinds.
“This would include concentrated market leadership, stretched artificial intelligence (AI) and technology valuations, heightened West Asia tensions, a hawkish United States (US) Federal Reserve narrative and the ramp-up in the US second quarter of 2026 earnings season.
“These factors could leave markets vulnerable to sharp repricing,” it said in a research note.
The Dow tumbled 0.58 per cent for a third straight session as higher oil prices and geopolitical tensions outweighed a rebound in semiconductor stocks, after Yemen’s Iran-aligned Houthis threatened to impose a naval blockade on Saudi Arabia, potentially opening a new front in the US-Iran conflict.
Among heavyweight stocks, Maybank inched up two sen to RM11.04, Public Bank and IHH Healthcare were flat at RM5.19 and RM8.50, respectively, Tenaga Nasional was up four sen to RM14.34, and CIMB fell a sen to RM7.74.
Among actively traded stocks, Aimax and Ingenieur Gudang were flat at one sen and four sen, respectively, Main Market debutant Stratus Global surged RM1.18 to RM1.98, GIIB gained 2.5 sen to 54 sen, and HHRG added a sen to 17 sen.
Among the top gainers, Mi Technovation advanced 93 sen to RM5.80, Malaysian Pacific Industries climbed 58 sen to RM45.24, Vitrox and Telekom Malaysia both added nine sen to RM7.78, respectively, and MISC was six sen higher at RM8.02.
The top losers were led by Kuala Lumpur Kepong, which fell 14 sen to RM21.44, PJBumi losing nine sen to RM3.65, UWC reducing six sen to RM5.84, PPB shedding five sen to RM9.55 and Press Metal Aluminium dropping four sen to RM7.87.
Among the broader indices, the FBM Emas Index rose 18.37 points to 12,719.55, the FBM Top 100 Index gained 18.31 points to 12,550.47, and the FBM Emas Shariah Index increased 26.39 points to 12,556.05.
The FBM Mid 70 Index improved 60.94 points to 17,975.83, while the FBM ACE Index climbed 5.50 points to 4,916.27.
By sector, the Financial Services Index firmed 15.26 points to 20,313.44, but the Energy Index gave up 1.47 points to 774.29, Industrial Products and Services Index eased 0.36 of a point to 186.83, and the Plantation Index shed 4.47 points to 9,489.07.
-- BERNAMA