Bursa ends the week higher on strong GDP outlook

Bursa ends the week higher on strong GDP outlook

Malaysia’s gross domestic product is projected to grow by 5.3% in Q1 2026, says the statistics department.

bursa
KUALA LUMPUR:
Bursa Malaysia closed the week higher, extending its upward momentum, buoyed by positive sentiment following the release of Malaysia’s advance gross domestic product (GDP) estimates, which reinforced the narrative of resilient domestic demand.

Earlier today, the statistics department said Malaysia’s economy is projected to grow by 5.3% in the first quarter of 2026 (Q1 2026), based on advance estimates, despite rising global uncertainties, particularly elevated oil prices driven by geopolitical tensions.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.50 points, or 0.33% to 1,695.21 from yesterday’s close of 1,689.71.

The benchmark index opened 0.64 of-a-point lower at 1,689.07 and moved between 1,682.88 and 1,696.39 throughout the day.

The broader market was also positive, with gainers thumping losers 612 to 476, while 607 counters were unchanged, 1,037 untraded and 35 suspended.

Turnover decreased to 3.46 billion units worth RM3.08 billion from yesterday’s 3.77 billion units worth RM3.46 billion.

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