The FBM KLCI extended its rebound on Thursday, 3 September 2026. The index closed at 1,715.13, up 6.39 points or 0.37% from Wednesday’s 1,708.74. The session tracked a firmer Wall Street close and, later in the day, Bank Negara Malaysia’s decision to keep the Overnight Policy Rate at 2.75%.
It opened 2.42 points higher at 1,711.16 and ranged between 1,708.47 and 1,716.23. Breadth turned positive: 625 gainers vs 497 losers. Turnover eased to 3.90 billion shares worth RM3.21 billion. FBM 70, FBM Emas and FBM Shariah all finished higher. Construction was the strongest sector; telecoms lagged.
Movers and Shakers
Heavyweights
- CIMB +15 sen to RM7.99
- Public Bank +7 sen to RM5.00
- Tenaga Nasional +4 sen to RM13.68
- Maybank –2 sen to RM10.58
- IHH Healthcare –9 sen to RM7.99
Top gainers
- MI Technovation +27 sen to RM5.82
- Gamuda +25 sen to RM4.67
- United Plantations +24 sen to RM33.02
- Kee Ming Group +23 sen
- Kerjaya Prospek +20 sen
Top losers
- Nestlé –RM2.04 to RM94.48
- Fraser & Neave –36 sen to RM24.38
- KLK –32 sen to RM22.38
- MISC –23 sen to RM7.77
- Dutch Lady –20 sen
Most active
Zetrix AI +2 sen to 24 sen; Ingenieur Gudang, Ni Hsin, Salutica and Key ASIC.
Policy: BNM holds, tone watched
BNM left the OPR at 2.75% — the seventh straight hold since the 25 bp cut in July 2025, and in line with most forecasts. The bank said 1H 2026 GDP grew 5.7%, and full-year 2026 growth should come in around 5%, with fundamentals supporting 2027. Inflation had edged lower but energy-cost pass-through remained a risk. Middle East uncertainty was flagged; tech spending was seen as a cushion.
The statement dropped earlier “appropriate” wording and said the stance was “consistent with” price stability and sustainable growth. Some houses read that as keeping the door open to a later hike (OCBC still pointed to a possible move toward 3.00% in January 2027). Near term, economists generally expected another hold at the November MPC. The ringgit finished slightly firmer at about 4.0405/0445 vs the dollar.
Other news (on/before 3 Sep 2026)
- Weaker-than-expected US private-sector jobs data helped overnight US risk appetite.
- Geopolitical oil risk stayed in the background after recent US–Iran headlines.
- Domestic growth tone remained constructive: resilient 1H GDP, approved-investment backdrop, and the 1 September household/SME measures.
- Gamuda’s data-centre contract wins continued to support construction names.
No new Bursa structural-rule change on 3 September. The driver was the rate hold plus a modest risk-on cue from the US.
Read-through
Two-session repair after the 1 September slide to 1,700.54. Banks and builders led; consumers (Nestlé, F&N) did not. Zetrix stayed the volume name but bounced.
Support: 1,700–1,708. Resistance: 1,716–1,725. Next local event after this print is the following session; next scheduled MPC is November.