2024 Kuala Lumpur's FBM KLCI Index reaches a four-year high due to global equity momentum and potential US interest rate cut.
2024's Kuala Lumpur's FBM KLCI Index hits a four-year high, fueled by positive global equity momentum and potential US interest rate cut. Blue-chip stocks on Bursa Malaysia rise, with foreign funds remaining bullish on Malaysian equities. Bursa Malaysia's FTSE Bursa Malaysia KLCI reaches a 3-year high of 1,641.73 due to strong Q2 GDP and trade figures. Malaysia's trade in Jan-July 2024 grew 9.8% YoY to RM1.652T, with a trade surplus of RM72.52B. Heavyweights Maybank, CIMB Group, Tenaga Nasional, and Public Bank see gains.
August 19, 2024
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