KUALA LUMPUR: The ringgit hit a 19-month high today as traders bet on a large 50 basis points rate cut by the US Federal Reserve this Thursday Malaysian time.
At 5pm, it had strengthened to four point two six three zero against the greenback.
The thirty-stock key index also closed higher as Petronas Dagangan, Nestlé Malaysia and IHH Healthcare were among top gainers.
In the broader market, the healthcare index jumped three point two per cent following the US' move to increase tariffs on surgical gloves imported from China in January 2025.
The index will likely hover within the one thousand six hundred seventy to one thousand six hundred eighty range this week.
In the crypto market, Bitcoin was trending upward to two hundred fifty-two thousand seven hundred forty-six ringgit.
That's it for Market Pulse.