Ringgit Strengthens as Markets Await US FOMC Decision

The FBM KLCI opened the week on a weaker note as the broader market turned cautious ahead of key global economic events, including the highly anticipated US FOMC meeting.

Ringgit Strengthens

The market barometer fell 11.12 points, or 0.69%, to 1,605.40 at 9.16 am, after opening 0.49 of a point lower at 1,616.03.

Among the decliners, Malaysian Pacific Industries slid 68 sen to RM31.22, PETRONAS Dagangan fell 52 sen to RM18.88, PPB Group declined 21 sen to RM9.95 and Batu Kawan lost 20 sen to RM19.22.

Conversely, Nestle jumped RM1.60 to RM113.60, Quality Concrete climbed 16 sen to RM1.11, FCW Holdings gained nine sen to RM1.80 and Pentamaster added eight sen to RM3.78.

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