The ringgit strengthened against the US dollar to 4.2220, appreciating some 8 per cent from the start of the year following the US Federal Reserve's 50 basis points rate cut.

The 30-stock index also closed higher spurred by buying interest in YTL Power, YTL Corp and Maxis, among others.

It was up 5 points to close at 1,665 points.

The FBM KLCI will likely trend within the range of 1,650 and 1,670 this week.

In the crypto market, Bitcoin traded higher at RM262,500.

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