FBM KLCI Steady at 1,720 as Ringgit Strengthens and Foreign Funds Flow

The FBM KLCI concluded trading around the 1,720 mark, bolstered by robust late-session buying from investors. Market analysts attribute this resilience to anticipated continued inflows from foreign funds eager to acquire Malaysian shares. The ringgit further appreciated against the US dollar, reaching 4.00, with expectations it will soon breach this threshold, enhancing overall sentiment.

FBM KLCI Steady

Consequently, the index is projected to fluctuate between 1,720 and 1,735 today. On Wall Street, indices ended mixed as traders expressed caution over President Trump’s proposed framework for Greenland, offset somewhat by his softened tariff approach toward opposing EU nations. The US 10-year Treasury yield edged down to 4.231%. In Asia, Hong Kong’s Hang Seng Index rebounded, lifted by the People’s Bank of China’s indications of additional easing to boost liquidity.

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