KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday, gaining 0.24 per cent to 4.4330/4400 from Monday’s close of 4.4450/4490, amid cautious sentiment ahead of the outcome of the United States (US) Federal Open Market Committee (FOMC) meeting later today. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market sentiments...
KUALA LUMPUR: The ringgit closed a little lower against the greenback for the second consecutive day on Tuesday on caution amid ongoing uncertainties in the Middle East and ahead of the US consumer price index (CPI) report due tomorrow. At 6 pm, the local currency slid to 4.4250/4300 against the US dollar, compared to yesterday’s close...
KUALA LUMPUR: Bursa Malaysia finished slightly higher on Wednesday as gains in utility stocks helped offset selling pressure in the plantation sector. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.10 points to 1,604.25 from Tuesday’s close of 1,603.15. The benchmark index opened 1.81 points lower at 1,601.34 and moved between 1,600.83 and 1,609.41...
KUALA LUMPUR: Bursa Malaysia closed at its intraday high on Monday, driven by bargain hunting in heavyweights with a focus on plantation and construction stocks. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.45 points, or 0.77 per cent, to 1,616.43 from Friday’s close of 1,603.98. The benchmark index opened 3.77 points firmer at...
KUALA LUMPUR: Bursa Malaysia’s benchmark index rebounded on late buying to finish higher after falling into negative territory at midday amid dampened sentiment in the regional markets stemming from weaker United States (US) consumer confidence data. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.01 points, or 0.18 per cent, to settle at 1,673.38 compared with...
KUALA LUMPUR: Bursa Malaysia snapped four consecutive days of losses to end higher today as bargain hunting emerged following the recent sell-off, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.42 points, or 0.35 per cent, to 1,540.42 from Tuesday’s close of 1,535.0. The benchmark index, which opened 0.05 of-a-point firmer...
KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday as it staged a technical rebound after three days of losses, said an analyst. At 6 pm, the ringgit improved to 4.7910/7950 against the greenback from Tuesday’s closing of 4.7945/7970. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the local currency...
