Maybank, Public Bank help propel KLCI to 18 month high


The KLCI was the best performer among the key Asian markets.

KUALA LUMPUR: Sustained buying of Maybank and Public Bank helped drive the FBM KLCI to its strongest close in 18 months while the ringgit scaled to the highest since mid-July 2018 against the US dollar.

At 5pm, the KLCI was up 30.19 points or 1.82% to 1,684.58 while year-to-date, the index was up 6.03% year-to-date. Turnover was 10.03 billion shares valued at RM6.18bil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

KTI Landmark inks underwriting deal with M&A Securities
The pursuit of sustainability by Westports
Ringgit opens lower vs greenback on strong US retail sales
Yeoh siblings the biggest gainers on Forbes 50 richest Malaysians list 2024
Oil prices rise as Israel weighs response to Iran attack
Amir Hamzah leads delegation to meeting with investors in New York
Bursa Malaysia tracks negative global sentiment
Trading ideas: RHB, Capital A, Heitech Padu, Kitacon, YNHP, Iris, Solarvest, SCIB, G Capital, Eduspec, EP Manufacturing, Master Tec
US stocks tumble as Treasury yields rise, Middle East tensions simmer
Steady earnings seen for Press Metal in 1Q24

Others Also Read