BURSA Malaysia extended its winning streak to seven consecutive sessions, with the FBM KLCI closing at a four-month high, driven by US July inflation data that came in slightly below expectations at 2.7%, boosting hopes of a Federal Reserve (Fed) rate cut in September.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 18.70 points, or 1.19%, to close at 1,586.60 from yesterday’s close of 1,567.90.
The benchmark index opened 1.17 points firmer at 1,569.07, marking its day’s low, and hit a high of 1,590.61 during the mid-morning session.
The broader market was positive, with advancers trouncing decliners 686 to 390, while 491 counters were unchanged, 955 untraded and 18 suspended.
Turnover improved to 2.71 billion units worth RM3.07 bil from 2.53 billion units worth RM2.15 bil yesterday. ‒ Aug 13, 2025
