KUALA LUMPUR: The FBM KLCI closed at its intraday high in late trade to hit a 16-month peak, while the ringgit hovered near a five-year high, providing additional support to overall market sentiment. The 30-stock index rose 5.35 points, or 0.32% to 1,676.64, its intraday high and also its highest in about 16 months. The 16-month high was last seen at 1,678.80 on Aug 25, 2024. On the forex market, the ringgit strengthened 0.35% against the US dollar to 4.0642, its highest in five years. This was offset by local institutions, which turned net buyers with RM168mil, while local retail investors pared exposure, posting a net outflow of RM62mil.

Source: The Star December 23, 2025 16:26 UTC