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FBM KLCI rises in line with regional markets ahead of long Christmas weekend

Mimi Sabreena 4:02:00 PM Informasi

KUALA LUMPUR (Dec 22): Ahead of the long Christmas weekend break, the FBM KLCI rose 0.52%, tracking regional markets amid shared optimism over the US tax reform, and as Bank Negara Malaysia reported a rise in international reserves.

As the market closed at 5pm, the leading composite index settled 9.03 points higher at 1,760.24 points

Socio-Economic Research Centre executive director Lee Heng Guie said the market was likely buoyed by the US tax reform, which is expected to lead to steady US economic growth and stronger corporate earnings.

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