The FBM KLCI finished the shortened week at a fresh multi-week low on Friday, 18 September 2026. The index closed at 1,665.56, down 9.18 points or 0.55% from Thursday’s 1,674.74. From the prior Friday’s 1,686.74 the week was down about 1.25%. Open 1,676.72, high 1,677.83, low 1,661.79.
The benchmark and the rest of the market split. Breadth was positive: 625 gainers vs 564 losers. FBM 70 jumped about 1.34%. Turnover exploded to 4.91 billion shares worth RM4.87 billion. Tech and construction took the bid; banks and some utilities did not.
Movers and Shakers
Heavyweights
- Tenaga –28 sen to RM13.04
- CIMB –6 sen to RM7.63
- Maybank –4 sen to RM10.32
- Public Bank –3 sen to RM4.77
- IHH –5 sen to RM7.64
Top gainers
- MPI +RM2.70 to RM42.80 (semiconductor rebound)
- Sunway Construction +76 sen to RM7.88
- TIME dotCom +49 sen to RM6.41
- Petronas Gas +34 sen to RM17.50
- QL +33 sen to RM4.19
Top losers
- Petronas Dagangan –RM1.00 to RM20.08
- Nestlé –94 sen to RM89.58
- Hong Leong Bank –56 sen to RM22.54
- PPB –35 sen
- KLCCP –28 sen
Most active
Zetrix AI –4.5 sen to 20 sen on more than 1 billion shares; AirAsia +2.5 sen to 53 sen (bounce after Thursday’s route-talk dump); FSBM; Jaks; Top Glove –2 sen to 77.5 sen.
Policy and global cues (on/before 18 Sep 2026)
Bank of Japan (18 Sep): policy rate +25 bp to 1.25%, a 31-year high, 7–2 vote. Two dissenters kept the yen soft instead of stronger. Ueda said the job had shifted from lifting inflation to stopping an overshoot; further hikes still on the table. BNM OPR remains 2.75%.
Fed (16 Sep) already in the price: 3.75–4.00%, dots pointing to another 2026 hike. Oil eased a touch on the day (Brent off the week’s highs), which helped Asia tech risk appetite even as the KLCI leaked.
Rakuten: reclaim 1,670–1,675 or the next shelf is 1,650–1,655.
Week in brief (14–18 Sep)
Mon bounce to 1,698 → Tue slide to 1,679 ahead of FOMC → Wed Malaysia Day closed → Thu 1,675 after the Fed hike → Fri 1,666 with mid-cap rotation. Foreign selling and a wider Fed–BNM gap were the week’s theme; MPI and SunCon were the Friday exceptions.
Read-through
Index weak, tape busy. That is rotation, not a broad crash. 1,662 printed. 1,670 is the first repair level next week.
Support: 1,662–1,655. Resistance: 1,675–1,680.