Trading on Bursa Malaysia likely to remain cautious this week

KUALA LUMPUR: Cautious trading is set to continue on Bursa Malaysia this week, driven by the bearish outlook on the global economy amid rising geopolitical tensions in the Middle East. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said despite Hong Kong’s Hang Seng continuing its upward trend, supported by optimism surrounding China’s ongoing...

FBM KLCI dips, ringgit hits new low

KUALA LUMPUR: Bursa Malaysia and the ringgit have taken a beating on Monday, in line with the weak sentiment in regional markets. The FBM KLCI fell 2.92 points, or 0.2% to 1,438.12. The market traded within a range of 8.81 points between an intra-day high of 1,443.86 and a low of 1,435.05. Some 743 counters declined compared...