By The FBM KLCI gained ground in the early session, buoyed by increasing investor risk appetite in anticipation of a potential US rate cut in September.
The domestic market mirrored the mostly positive trend seen across Asian markets on Monday, despite disappointing economic growth figures from China and heightened volatility following an attack on US presidential candidate Donald Trump over the weekend.
In the meantime, the US dollar strengthened, and bond futures declined.
By 12:30 pm, Malaysia’s benchmark index had risen by 7.04 points to 1,626.1, with the market showing broad positivity, recording 625 gainers compared to 443 decliners.
