The FBM KLCI opened the new week higher on Monday, 7 September 2026. The index closed at 1,714.79, up 6.69 points or 0.39% from Friday’s 1,708.10. Banks, utilities and selected telcos did the work. The broader market did not fully follow: 611 losers vs 488 gainers. Turnover was lighter at 3.60 billion shares worth RM2.45 billion. ACE and Emas still finished firmer.
Range: open 1,709.70, high 1,715.29, low 1,708.26.
Movers and Shakers
Heavyweights
- Tenaga Nasional +22 sen to RM13.84
- Maybank and Public Bank +2 sen each (RM10.58 and RM5.00)
- CIMB unchanged at RM8.00
- IHH –5 sen to RM7.90
- Petronas Gas +44 sen to RM17.70
Top gainers
- Petronas Gas +44 sen
- Malaysian Pacific Industries +42 sen to RM39.82
- KLK +24 sen to RM22.50
- United Plantations and UMS Integration +14 sen each
Top losers
- Nestlé –94 sen to RM93.90
- Hong Leong Industries –22 sen
- Allianz –20 sen
- Hong Leong Financial and Petronas Dagangan –18 sen
Most active
Zetrix AI +1.5 sen to 27 sen; HHRG +6 sen to 20.5 sen; Ingenieur Gudang, Key ASIC, Capital A.
Policy and global cues (on/before 7 Sep 2026)
No new BNM move — last decision was the 3 September hold at 2.75%.
The global overlay was the US August payrolls print from Friday: +162,000 vs ~55,000 expected, unemployment 4.1%. That lifted Fed hike odds into the 15–16 September FOMC (markets were pricing a decent chance of a 25 bp move). US 10-year yields sat near 4.78%. The ringgit eased a touch to about 4.0440/0485. Brent was near US$97 on US–Iran shipping tensions. US CPI was due later in the week.
Analysts said local stocks were less sensitive to the US-rate scare than the yield move implied, with buyers rotating into earnings-backed banks, utilities and telcos. Expected range for the week: 1,700–1,730.
Other news
- Mild reported foreign inflow on the day amid still-heavy month-to-date selling.
- Political chatter on election timing stayed in the background; not a tape driver.
- Construction was soft on the day even as Gamuda’s earlier data-centre wins remained a medium-term support.
Read-through
A heavyweight-led bounce after Friday’s profit-taking. Breadth stayed negative, so it was not a broad risk-on day. PetGas and MPI led; Nestlé slipped again.
Support: 1,708–1,700. Resistance: 1,715–1,730.