FBM KLCI Gains Momentum Following U.S. Market Rally

The FBM KLCI remained positive in the early session, buoyed by an overnight rally in US markets and a resurgence of risk-on sentiment.

By 12:30 PM, the benchmark index had risen 5.89 points to reach 1,657.38, with support from banking and utility sectors.

The index fluctuated within an 11-point range, between 1,649.53 and 1,661.09.

Overall, the broader market showed strength, with 448 gainers compared to 379 decliners.

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