Bursa Malaysia closed higher on April 10. Positive sentiment from easing oil prices after Iran ceasefire developments lifted the market. The FTSE Bursa Malaysia KLCI (KLCI) gained 5.12 points or 0.30%. It closed at 1,720.30. This came from yesterday’s close of 1,715.18. The index opened higher and held gains. Trading volume was moderate. Gainers beat losers. This shows resilience as oil volatility eased.
Movers and Shakers
Energy stocks led the gains today. Petronas Chemicals rose 16 sen to RM4.78 on stable feedstock costs amid lower crude prices. Malaysian Pacific Industries added 22 sen to RM31.26 on semiconductor demand. Allianz gained 12 sen to RM22.40 on insurance resilience. On the other hand, some consumer names eased. Nestle fell 8 sen to RM110.70. High-volume actives featured energy and cyclicals. Analysts maintain the year-end target at 1,772-1,880 points. Reforms and earnings growth support this.
Policy Changes Impacting KLCI and Malaysia’s Market
No new policy announcements came out today. The Madani government continues its “year of implementation” push in 2026. The New Incentive Framework links manufacturing incentives to results. It began on March 1. The Capital Market Masterplan targets RM6.3 trillion market size by 2030. Budget 2026 keeps expanding SST and adds carbon tax. GEAR-uP aims for RM120 billion investments by 2028. This supports 4.3-4.5% GDP growth. OPR stays at 2.75%. Globally, US tariffs remain at 19% on Malaysia. Exemptions protect 60% of exports through the October 2025 deal.
Other News Potentially Impacting KLCI or Malaysia’s Market
The ringgit stayed stable near its 5-8 year high below RM4/USD. This boosts inflows. Oil prices eased further after the US-Iran ceasefire news. Brent crude traded around US$88 per barrel. This reduced inflationary fears and supported market sentiment. Manufacturing PMI hit a 20-month high of 50.2 in January. Producer prices fell 2.7% in December 2025. This shows low inflation. Q4 2025 GDP grew fast on domestic demand. 2026 growth forecast holds at 4.3-4.5%. AI data centres strengthen Malaysia as a China+1 hub. Renewables see more M&A. Industrial property leads the market. Sukuk issuance stays strong. Middle East tensions have eased with the ceasefire. Domestic reforms and oil reserve releases provide buffers.
Overall, the KLCI shows resilience. Selective buying helps. Domestic strengths support stability amid external volatility.
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