KLCI drops 1.3% to 1,611.78 as oil prices and Budget nerves hit banks
The FBM KLCI closed at 1,611.78 on Wednesday, down 21.57 points or 1.32% (Bernama reported figures; The Star; Business Today). At 12.30pm it was down 19.39 points with banks leading. An analyst said foreign investors had been net sellers for ten sessions. Brent briefly topped US$102 in the morning. The October futures fell 17.50 points shortly after the open.
It is the sharpest one-day fall since this edition began and came two days before the Budget.
If you hold shares or funds, the move is small in the context of a month, but it shows nerves.
Analysts quoted in the coverage pointed to oil and Budget nerves rather than company news.
The fall came on a day when oil and US bond yields were volatile, so the cause may be global rather than local.
Foreign selling is the thing to watch. The Budget on Friday could either end or extend it.
DailyDrop Malaysia edition No. 4 · Morning · THU., OCT. 8, 2026