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.

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