FBM KLCI rally extends above 1,600

Analysts are mostly positive on the market following the relaxation of interstate travel and the reopening of international borders.

PETALING JAYA: Continued interest from foreign investors kept the local market buoyant, pushing the FBM KLCI past 1,600 points as optimism remains amid the easing of movement restrictions and the ongoing strength of commodity prices.

The FBM KLCI opened at 1,602.89 points yesterday, up from the previous trading close of 1,598.28 on Friday.