BURSA Malaysia hit the 1,600 level and closed at its intraday high, rising 1.1 per cent, as investors anticipated the United States Federal Reserves to cut rates as soon as next week, making ringgit-denominated assets more attractive on a currency-adjusted basis.
At 5 pm, the FBM KLCI jumped 17.28 points to 1,600.13 from Thursday’s close of 1,582.85.
The index opened 5.19 points higher this morning, moved between 1,585.06 and 1,600.04, before settling at its intraday high.
In the broader market, gainers thumped losers 639 to 394, while 494 counters were unchanged, with 1,095 untraded and 11 suspended.
Turnover, however, trimmed to 2.23 bil units worth RM2.10 bil from 2.48 bil units worth RM2.32 bil yesterday. —Sept 12, 2025
