Investment community plans to capitalise on ringgit de-peg


  • Business
  • Thursday, 28 Jul 2005

PLANS are a-brewing as the investment community scrambles to formulate new market strategies to capitalise on the ringgit's recent de-pegging against the US dollar and shift to a managed float. 

It is perhaps the most prudent move as the KL Composite Index (KLCI) has been on a downward trend since surging 17.75 points to close at 939.69 last Friday – the ringgit's first day of trading under a managed float. 

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