The FBM KLCI broke its three-day 1,714 hold on Thursday, 10 September 2026. The index closed at 1,705.52, down 8.82 points or 0.51% from Wednesday’s 1,714.34. West Asia conflict headlines and oil near/above US$100 kept risk appetite thin. Banks and utilities gave way. Gloves were the exception: the healthcare index jumped about 7% on natural-rubber supply fears.
Open 1,712.70, high 1,713.08, low 1,701.68. Breadth negative: 532 gainers vs 657 losers. Turnover 3.98 billion shares, value RM3.14 billion. FBM 70 finished slightly up; Emas was lower.
Movers and Shakers
Heavyweights were mixed-to-soft by the close after a weaker midday (index −10.47 at 12:30pm). Midday losers included Nestlé, KLK and Telekom.
Glove rebound (the day’s story)
- Top Glove +13.5 sen (+21.4%) to 76.5 sen (intraday high 77.5 sen) on ~147 million shares
- Supermax about +8 sen (+23%) to 43 sen
- Hartalega and Kossan also strong
- Careplus active
Trigger: firmer natural rubber plus haze/forest-fire supply risk out of Indonesia. Healthcare index to a near-three-month high.
Most active
Zetrix AI –2 sen to 25 sen (~444 million shares); Top Glove; Ni Hsin –2.5 sen; Careplus; Luster.
Other names in play: United Plantations and Hengyuan firmer earlier; MPI gave back Wednesday’s jump.
Policy and global cues (on/before 10 Sep 2026)
No new BNM decision. OPR still 2.75%.
Session drivers: geopolitics, crude, and higher US Treasury yields. US August PPI was due after the Bursa close (BLS 8:30am ET / evening MYT on 10 Sep). That print later showed final-demand PPI +0.4% m/m and +5.4% y/y (vs ~5.3% expected), with core also firmer — a cue for Friday’s US CPI and the 15–16 September FOMC. During Thursday’s cash session that data was still ahead.
Read-through
First decisive break of the 1,710–1,718 coil. 1,700 is the next obvious test. Gloves decoupled on a commodity-supply story; Zetrix volume faded with the price. External tape (oil + Fed) still runs the index.
Support: 1,701–1,700. Resistance: 1,713–1,714.