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KUALA LUMPUR: The ringgit rose against the US dollar in early trade Monday as improved market sentiment following the certainty in Malaysia’s political environment helped lift investors’ risk appetite.
KUALA LUMPUR: The ringgit opened lower against the US dollar today due to easier oil prices and the strengthening greenback following the strong demand for the United States (US) Treasuries’ US$27 billion 20-year bond sale.
KUALA LUMPUR: Blue chips closed higher for the second straight day on Wednesday, aided by gains in KL Kepong, Sime Darby Plantation and glove stocks amid a mixed broader market as buying interest interspersed with profit-taking.
KUALA LUMPUR: Bursa Malaysia shed some of the recent gains in early Wednesday trade as the nation awaited news about the successor for the prime minister’s post.
KUALA LUMPUR: Late buying support for key stocks Petronas Dagangan, Sime Plantation and Tenaga Nasional helped cushion the impact of the resignation of Tan Sri Muhyiddin Yassin and his Cabinet, though he will remain caretaker prime minister.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely experience a technical correction next week following high inventory data released by the Malaysian Palm Oil Board (MPOB).
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias ahead of a slew of market-moving data to be released next week.
KUALA LUMPUR: The ringgit slipped lower against the US dollar as investors remain uncertain over the reinstatement of the Movement Control Order (MCO 2.0) and state of emergency.
KUALA LUMPUR: The government will continue to roll out the measures in Budget 2021 to firmly place Malaysia on its recovery path in 2021, Tengku Datuk Seri Zafrul Abdul Aziz says.
KUALA LUMPUR: CGS-CIMB Equities Research estimates the daily economic losses due to the second round of Malaysia’s Movement Control Order (MCO), which takes effect from Jan 13 to 26, at RM750mil.