KUALA LUMPUR: The local bourse opened slightly lower on Wednesday, despite overnight gains on Wall Street, as investors turned cautious amid overbought technical conditions ahead of the Christmas break. Overnight, Wall Street finished higher, with the S&P 500 closing at a record high after US gross domestic product grew at a stronger-than-expected 4.3%, lifting bond yields and supporting growth stocks. The Dow Jones Industrial Average rose 0.16% to 48,442.41, the S&P 500 gained 0.46% to 6,909.79 and the Nasdaq Composite gained 0.57% to 23,561.84. The FBM KLCI slipped 1.19 points, or 0.07%, to 1,675.45 at 9.11 am, after opening 0.64 of a point lower at 1,676.00. “The ringgit has strengthened to 4.06 against the US dollar, hence expect the index to hover within the 1,670-1,685 today,” it said.

Source: The Star December 24, 2025 09:05 UTC