Malaysia Shares Climb to Over 7-Year High
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The FBM KLCI rose 10 points (0.6%) to 1,716, reaching its highest level since February 2019. This increase follows a rally on Wall Street and is ahead of an expected interest rate decision by Bank Negara Malaysia to maintain the policy rate at 2.75%. Key sectors like financials and technology performed well, with notable gains from Public Bank Bhd (1.5%), CIMB Holdings (1.0%), and Maybank (0.9%).
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