KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
Malaysia's international reserves dipped slightly to US$118.1 billion as of Dec 13, 2024, down from US$118.3 billion two weeks earlier, according to a statement by Bank Negara Malaysia (BNM) on Friday.
Key Highlights
Reserves Position
- The reserves are sufficient to:
- Finance 4.6 months of imports of goods and services.
- Cover 0.9 times the country’s short-term external debt.
Breakdown of Reserves
- Foreign Currency Reserves:
- Declined slightly to US$105.1 billion (Nov 29: US$105.4 billion).
- Special Drawing Rights (SDRs):
- Increased to US$6 billion (Nov 29: US$5.9 billion).
- International Monetary Fund (IMF) Reserves Position:
- Remained unchanged at US$1.3 billion.
- Gold:
- Steady at US$3.3 billion.
- Other Reserve Assets:
- Unchanged at US$2.4 billion.
BNM’s Total Assets and Currency in Circulation
- Total Assets:
- Rose to RM597.36 billion (Nov 29: RM595.77 billion).
- Currency in Circulation:
- Stood at RM167.59 billion.
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