Bursa Malaysia KLCI Hits New 52-Week High Amid Ringgit Strength

The FTSE Bursa Malaysia KLCI (FBM KLCI) achieved a new 52-week high today, closing at 1,671.29, a gain of 0.32%. Resistance that was sitting around 1,650 has given way for now, having earlier provided an obstacle to moves higher throughout the year.

PMETAL shares led the way on the day of the leading names on the index, closing 2.46% higher at RM7.09. It has been a very strong year for Press Metal Aluminium Holdings Berhad shareholders, with the stock gaining 46.79% in 2025 to bring market cap to 58.42 billion.

The market's bullish momentum is supported by a strengthening ringgit, which has appreciated to a four-year high against the US dollar, trading at 4.0905. 

This currency strength enhances investor appeal and attracts foreign investment into Malaysian equities. Positive economic indicators, including a resilient labor market and steady GDP growth, are also contributing to a favorable investment climate.

Improved global economic conditions and the resolution of the US government shutdown have further bolstered investor sentiment, leading to increased participation in emerging markets like Malaysia.

Gains in key sectors drove the market's positive trajectory. The banking sector delivered a solid day, with the leading names largely positive after a difficult year so far. A shift in sentiment on the sector could well prove to be pivotal in shaping what comes next for the index.

Here are the movers within the largest cap financials today on the Bursa Malaysia:

• Malayan Banking Berhad (Maybank): RM9.94 (+0.38%)
• Public Bank Berhad: RM4.29 (+0.22%)
• CIMB Group Holdings Berhad: RM7.61 (Flat)
• Tenaga Nasional Berhad: RM13.54 (+1.35%)

The FBM KLCI's achievement of a new 52-week high is a testament to Malaysia's robust economic fundamentals and the positive outlook for key sectors. The strength exhibited today underscores a renewed confidence in the Malaysian market, potentially paving the way for further gains if current economic conditions persist.