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KUALA LUMPUR: The ringgit kicked off the week on a negative note against the US dollar following the extension of the third Movement Control Order 3.0 (MCO 3.0).
PETALING JAYA: The FTSE Bursa Malaysia (FBM KLCI) is expected to trade within a range of 1, 570 to 1, 600 points this week as investors will likely be focusing on the number of vaccination doses administered daily in the country, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.
The ringgit is likely to trade in a range of 4.09 to 4.11 level next week as Malaysia aims to achieve the target of injecting 150, 000 doses of vaccine daily, said an analyst.
The FTSE Bursa Malaysia (FBM KLCI) is expected to trade sideways this week with the level of resistance located at 1,600 to 1610 points.
The ringgit is likely to weaken to the 4.13 level against the US dollar next week as the American economy recorded higher employment figures in May, said an analyst.
KUALA LUMPUR: The ringgit opened lower against the US dollar today, as investors adopted a cautious measure ahead of the full movement control order (FMCO) across the country starting tomorrow, an analyst said.
Petaling Jaya: Bursa Malaysia will likely continue to see high volatility in trading this week, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) expected to trade in the range of 1,550 to 1,570 points with a downside bias.
Bursa Malaysia will likely continue to see high volatility in trading thiweek, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) expected to trade in the range of 1,550 to 1,570 points with a downside bias.
The upward momentum on Bursa Malaysia is expected to spill over the next week, with its key index inching towards the 1,600-psychological level as investors return from their long holiday break and nibble on cheap value stocks.