Bursa Malaysia closed firmly higher on Dec 15, with the FBM KLCI extending its uptrend to a 14-month high, lifted by broad-based buying from local institutional investors.

At the close, the benchmark index rose 5.91 points, or 0.36%, to 1,643.72, eclipsing its previous peak of 1,642.54 set on Oct 22, 2024. The KLCI staged a steady rebound after a weak open, having slipped to an intraday low of 1,632.54 before climbing to a session high of 1,644.05 just ahead of the close.

Heavyweight stocks anchored the advance, with Maybank gained six sen to RM10.36, Public Bank rose two sen to RM4.49, while CIMB Group added three sen to RM7.93. Healthcare bellwether IHH Healthcare advanced nine sen to RM8.70 and TNB climbed eight sen to RM13.10.

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