FBM KLCI Rallies For Third Consecutive Day On U.S. Rate Cut Hopes

The FBM KLCI extended its gains for the third consecutive day, buoyed by investor optimism over a potential US rate cut in September.

Following Wall Street’s record-breaking performance, Malaysia’s benchmark stock index added 6.25 points, closing at 1,624.63.

During the early session, the index fluctuated within a range of 7.25 points, from 1,621.1 to 1,628.35.

Market gains outnumbered losses, with 667 advancers compared to 413 decliners. The total share turnover reached 3.04 billion, with a value of RM2.12 billion.

Previous articleHextar Capital Secures RM97 Million Student Hostel Project In Kelantan
Next articleApex Sees EPB Group’s IPO Hitting RM0.66

LEAVE A REPLY

Please enter your comment!
Please enter your name here