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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.
WHILE Malaysia’s total trade in April had surged 43.2%, reaching RM190.8bil compared with a year ago, how will it be from May to June and maybe onwards, under the current movement control order (MCO 3.0)?
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.
ECONOMIC activities were picking up momentum, but all are hit by the recent surge in Covid-19 infections.
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.