The FBM KLCI gave back Monday’s rebound on Tuesday, 15 September 2026. The index closed at 1,679.21, down 18.80 points or 1.11% from Monday’s 1,698.01. That is a fresh multi-week low and a break of last Friday’s 1,682 area. Books were light ahead of the US FOMC decision on 16 September and the Malaysia Day holiday. Oil stayed elevated.
Open 1,694.91 (also the day’s high), low 1,678.06. Breadth weak: 355 gainers vs 780 losers. Turnover 3.34 billion shares worth RM3.25 billion. Energy was the only notable green sector; industrials lagged. ACE debutant Butterfield (BFIELD) listed at 48 sen and closed 46 sen.
Rakuten’s range for the rest of the week: 1,670–1,700.
Movers and Shakers
Heavyweights
- Tenaga –32 sen to RM13.32
- Maybank –4 sen to RM10.42
- Public Bank and IHH –5 sen each (RM4.80 and RM7.71)
- CIMB +3 sen to RM7.80
- Press Metal –24 sen to RM7.52
Top gainers
- United Plantations +50 sen to RM33.60
- MISC +14 sen to RM7.95
- Yinson +13 sen to RM2.13
- Panasonic Manufacturing and Gas Malaysia +12 sen
Top losers
- Nestlé –RM1.12 to RM90.18
- Carlsberg –40 sen
- Tenaga –32 sen
- MPI –30 sen to RM39.70
- Eurospan –25 sen
- Petronas Gas –20 sen
Most active
Zetrix AI +1 sen to 25.5 sen; Butterfield –2 sen to 46 sen; Top Glove –2 sen to 81 sen; Ni Hsin; MQ Tech.
Policy and global cues (on/before 15 Sep 2026)
No new BNM move. OPR remains 2.75%.
FOMC 15–16 September is the tape. After sticky August CPI and a hot PPI, markets had priced a high chance of a 25 bp hike from the current 3.50–3.75% band — which would be the first Fed increase since 2023 if delivered. BoJ is also due later in the week. A hawkish Fed or yen spike would pressure EM assets, REITs, property and high-multiple tech more than the defensive KLCI core. Brent was around US$105–106; Saudi pipeline disruption talk kept a higher-for-longer oil risk live. AI-stock caution in Asia added a second drag.
Malaysia Day (16 September) means no local cash session on Wednesday. Next Bursa print is Thursday, after the Fed statement.
Read-through
Monday’s 1,698 close did not hold. 1,678 was the print low; 1,670–1,676 is the next zone from last week’s maps. Energy and selected planters/oil-service names (Yinson) caught a bid; utilities and consumer staples did not.
Support: 1,678–1,670 then 1,655. Resistance: 1,695–1,700.