The FBM KLCI rose 6.79 points, or 0.43%, to 1,602.99, supported by gains in YTL Power, Public Bank, and Tenaga Nasional. The index was influenced by broader gains in regional markets. Key gainers on the index included YTL Power, Public Bank, and Tenaga Nasional, while Hong Leong Bank and Sime Darby were among the key losers. The ringgit strengthened against the US dollar and the Singapore dollar. According to Bursa Malaysia data, foreign investors continued to sell local equities.
Bursa Malaysia and its subsidiaries will be closed on Wednesday for Christmas Day
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KLCI Rebounds on Banking Stocks as Regional Markets RiseThe FTSE Bursa Malaysia KLCI (FBM KLCI) closed higher today, driven by buying interest in banking stocks and positive regional market performance. Although the broader market remained negative, the KLCI rose 4.79 points or 0.3 percent to 1,596.20. Analyst Thong Pak Leng attributed the KLCI’s positive performance to softer-than-expected US inflation figures, fueling optimism for potential interest rate reductions.
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