Bursa Malaysia closes higher as utilities and banks drive gains

Bursa Malaysia ended the trading session in positive territory as key sectors drove investor sentiment higher. Utilities giant YTL Power and financial institutions emerged as the primary movers, attracting buying interest from market participants seeking exposure to resilient dividend-paying stocks.

The rally reflected broader market optimism stemming from softer crude oil prices, which have alleviated pressures on Malaysia's inflation trajectory. Market analysts noted that the decline in energy costs has improved the risk appetite of investors, encouraging rotation into defensive and cyclical equities alike.

Banking counters, which form a significant portion of the benchmark index, capitalized on the improved sentiment as lower inflation expectations support consumer spending and credit growth. Financial institutions remain key beneficiaries of a stabilized economic environment, with continued demand for financing across domestic sectors.

The positive momentum underscores investor confidence in Malaysia's equity markets amid global economic headwinds. Analysts expect the downward pressure on oil prices to continue supporting valuations, particularly in sectors sensitive to input costs and consumer purchasing power.