KLCI eases 10.77 points to 1,601.01 as oil and Budget jitters outweigh optimism
The FBM KLCI closed at 1,601.01, down 10.77 points or 0.67% (Bernama, Business Today, Malay Mail). An analyst said Brent rose more than 3% on US-Iran escalation fears. Foreign investors were net sellers for ten sessions. Apex said Brent December futures jumped past US$103 overnight. The ringgit was quoted at 4.0890/0940 at Thursday’s close (Bernama).
Two sessions of falls took about 2% off the index before the Budget.
If you invest, the market looks nervous but not panicked. A long-term investor need not act on two sessions.
Analysts say the Budget could bring relief if it keeps fiscal discipline.
Others say high oil and foreign selling could continue whatever the Budget brings.
Today’s Budget and oil are the two drivers.
DailyDrop Malaysia edition No. 5 · Morning · FRI., OCT. 9, 2026