BURSA Malaysia extended its gains to close higher today, supported by strength in telecommunications stocks and a rebound in heavyweight banking stocks, which kept the benchmark index in positive territory despite cautious overall market sentiment.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said investor sentiment remained guarded as market participants awaited key US labour market data for fresh signals on the Federal Reserve’s monetary policy direction, while continuing to monitor developments in West Asia for potential geopolitical risks.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.0 points, or 0.30%, to 1,661.83 from Wednesday’s close of 1,656.83.
The benchmark index opened 1.99 points higher at 1,658.82 and moved between 1,657.77 and 1,666.26 throughout the session.
Market breadth was negative with decliners outpacing gainers 639 to 426, while 507 counters were unchanged, 1,069 untraded, and 15 suspended. ‒ July 2, 2026
