Ringgit at 5-week high; steady oil price raises Malaysian stocks


PETALING JAYA: The ringgit climbed to a five-week high as the steadier price of crude oil stirred up investor appetite for local assets.

The prospect of a further strengthening of the ringgit and crude oil is supportive of the stock market’s near-term outlook, according to a note by Hong Leong Investment Bank Research.

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Business , ringgit , export , oil , stocks , shares , bursa , klci , klse , Malaysia ,

   

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