Energy, banking stocks lift Bursa Malaysia to more than 1% gain

BURSA Malaysia extended its rally to close more than 1% higher on Tuesday, lifted by strong buying interest in oil and gas as well as banking counters as investors positioned for potentially firmer energy prices following renewed hostilities between the United States and Iran.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 21.50 points, or 1.26%, to close at its intraday high of 1,719.94 from Monday’s close of 1,698.44.

The benchmark index opened 1.25 points higher at 1,699.69, and slid to its intraday low of 1,698.21 in the early session.

On the broader market, losers led gainers 548 to 538, while 585 counters were unchanged, 1,031 untraded, and 22 suspended.

Turnover expanded to 3.52 billion units valued at RM2.75 bil from 3.09 billion units valued at RM2.23 bil on Monday. ‒ July 14, 2026

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