FBM KLCI starts week strong on rate cut hopes, Q1 GDP boost

KUALA LUMPUR: The FBM KLCI started the week on a high note, boosted by expectations of global rate cuts and strong first-quarter 2024 gross domestic product (GDP) data announced last Friday.

The benchmark index rose 7.67%, or 0.47% to 1,624.29 at 9.22 am. It opened 1.66 points higher at 1,618.28.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

FBM KLCI , KLCI , Bursa Malaysia

   

Report it to us.

Next In Business News
Ringgit seen to trade higher next week
Oil prices settle US$1 down as supply set to rise
Smoothing the way for EVs
Mah Sing records robust eight-month performance
MSM aims for 45,000-tonne grain sugar export to China
Opening the national electricity grid
Refinancing option likely
Malaysia Airlines at pivotal crossroads
Taking a leaf of electricity reforms from other countries
New CIMB Group CEO Novan upbeat about prospects for 2H24

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.