FBM KLCI at 21-month high; ringgit hits 26-year low

KUALA LUMPUR: Bursa Malaysia closed on Tuesday with a solid rally to its highest in about 21 months while the ringgit weakened to its lowest in 26 years.

The FBM KLCI surged 16.98 points, or 1.1% to 1,555.59, its highest since May 31, 2022, when the index hit 1,570.10. The KLCI-component stocks were overwhelmingly positive, with 27 gainers and one loser.