Bursa Malaysia ends higher lifted by plantation, construction stocks

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...

Ringgit nears 11-month high in 9-day rally against US dollar

KUALA LUMPUR: The ringgit opened slightly higher today, extending its nine-day upward trajectory against the US dollar and lingering at an 11-month high. An analyst attributed this rise to the Federal Open Market Committee (FOMC) meeting yesterday, reinforcing investor expectations of a US interest rate cut in September. At 8 am, the ringgit marginally increased to 4.5875/5945...

Ringgit falls, comments by Fed officials dampen rate cut hopes

KUALA LUMPUR: The ringgit retreated against the US dollar to open lower on Tuesday as the risk mood was dampened by cautious US Federal Reserve official's comments. At 9 am, the ringgit fell to 4.6910/6950 versus the greenback from Monday’s close of 4.6850/6875. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said as expected,...

Ringgit opens slightly lower against US$ as Fed leaves rate unchanged

KUALA LUMPUR: The ringgit opened a tad lower against the US dollar today after the US Federal Reserve (Fed) kept its benchmark interest rate unchanged. At 9 am, the ringgit opened at 4.7705/7775 against the greenback from Tuesday’s close of 4.7700/7750. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the Fed’s two-day Federal Open...

Ringgit unchanged vs greenback due to wait-and-see mode

KUALA LUMPUR: The ringgit ended flat against the US dollar on Monday as investors took the ‘wait-and-see’ approach ahead of the latest economic assessment by the United States (US) Federal Open Market Committee (FOMC) during its meeting on April 30 and May 1, said an analyst. At 6 pm, the ringgit was unchanged at 4.7650/7700 versus...