12-08-2025
FBM KLCI hits three-month high in sixth winning streak
KUALA LUMPUR: The FBM KLCI extended its uptrend for the sixth consecutive session, closing at its highest level in nearly three months.
At 5pm, the FBM KLCI rose 4.66 points, or 0.3%, to 1,567.90, its highest level since mid-May 2025, with 18 of the 30 constituent stocks closing higher. The index reached an intraday high of 1,572.97 and a low of 1,561.83.
PETRONAS Dagangan jumped 80 sen to RM23.70, Malaysian Pacific Industries added 44 sen to RM22, Bintulu Port gained 27 sen to RM5.38 and Hong Leong Bank climbed 26 sen to RM19.60.
Conversely, Nestle slid 32 sen to RM88.20, UMS Integration lost 24 sen to RM5.02, F&N fell 22 sen to RM27.78 and IJM declined 14 sen to RM2.96.
Meanwhile, the ringgit was quoted at 4.2310 against the US dollar, appreciating by 0.07%, and strengthened 0.18% against the Singapore dollar to 3.2894.
The local currency also rose 0.29% against the euro to 4.9143, but declined 0.06% against the pound sterling to 5.6989.
Dealers said markets were encouraged after the United States and China extended their 90-day tariff truce to November, which helped cushion investor sentiment.
Asia benchmark finished mostly higher. Japan's Nikkei 225 gained 2.15%, South Korea's Kospi dropped 0.53%, and Hong Kong's Hang Seng rose 0.25%.
China's CSI300 added 0.52%, while the Shanghai Composite closed 0.5% higher.
