FBM KLCI rallies 58 points to nearly 3-month high

Quick Summary:

KUALA LUMPUR: The FBM KLCI posted its strongest gain in over two years, with the ringgit appreciated as the political deadlock finally ended following the appointment of Datuk Seri Anwar Ibrahim as Malaysia's 10th Prime Minister.

Market breadth was positive with 981 securities ending in the green against 197 that closed weaker.

In today’s session, 27 of the KLCI-component stocks were traded higher while three counters declined.

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Category: Economy

Markets: MalaysiaChinaHong KongJapanSouth KoreaSingapore

Topics: Bursa Malaysia FBM KLCI KLCI Markets /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 17:27:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1899 (out of 2652 stories this day)

News Source URL: thestar.com.my

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © The Star

News ID: 1907008

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