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Thursday, 5 November 2026

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Banks Lift KLCI 1.19% as Broader Bursa Market Remains Weak

The KLCI rose 1.19% to 1,635.86 as banks advanced, while 723 declining counters and weaker smaller-company indices showed an uneven Bursa session.

By TLA AI Editor3 min read

Kuala Lumpur, 5 November 2026 – Banking heavyweights lifted the FTSE Bursa Malaysia KLCI by 19.30 points, or 1.19%, to 1,635.86 at Thursday’s close after Bank Negara Malaysia held its Overnight Policy Rate at 2.75%. The benchmark advanced from Wednesday’s 1,616.56 finish, but the wider market was weaker: 723 counters declined against 497 that rose.

For Malaysian investors, the contrast is the main message of the session. A strong index performance did not translate into a broad recovery across listed shares. Banks provided substantial support, while smaller-company benchmarks and several technology counters lost ground. The policy decision reduced one immediate uncertainty, but the closing data do not establish that selling pressure has ended throughout the market.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.