Stocks and Markets

FBM KLCI hits two-month high as ringgit soars to 4-year peak

KUALA LUMPUR: Bursa Malaysia ended the week on a strong note as the FBM KLCI surged 12.42 points or 0.76% to 1,637.81, its highest close since early October 2025. The benchmark recorded a weekly gain of 1.32%, buoyed by upbeat regional sentiment and a resurgent ringgit.

FBM KLCI

The local currency powered to a four-year high of 4.0905 against the US dollar, fuelled by broad-based dollar weakness. Market breadth was decisively positive with 744 gainers overwhelming 387 decliners, while turnover reached 3.09 billion shares worth RM2.46 billion.

Plantation giant BLD Plantation soared RM1.16 to RM16.20, PETRONAS Gas rose 42 sen to RM17.70, and Tenaga Nasional advanced 28 sen to RM13.02. Nestle was the biggest loser, down 90 sen to RM113.30. Regional markets also rallied, with the MSCI Asia-Pacific ex-Japan index up 1.08%.

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