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AMID a short working week in the United States in conjunction with Thanksgiving holiday, the dollar weakened by 0.43% to 91.99 – hitting the lowest level since January 2018 on the back of easing political noises after President Trump accepted that President-elect Joe Biden’s transition into the White House must begin as well as ongoing vaccine optimism.
There have been big swings in the domestic market as strong bullish sentiment over a recovery is held in check by equally strong profit-taking from investors wary of being overly optimistic amid the ongoing pandemic.
KUALA LUMPUR: Investors took some cash off the table after yesterday's rally following Parliament's passing of the policy stage of Budget 2021.
KUALA LUMPUR: After the retail investor driven rebound on Bursa Malaysia on Thursday, blue chips made a slight retreat with some mild profit taking of Genting, Genting Malaysia and Public Bank in early Friday trade.
KUALA LUMPUR: Bursa Malaysia was given a boost on Thursday after the RM322.5bil federal budget, the nation's largest ever, was passed despite a call by the Opposition for bloc voting.
KUALA LUMPUR: The FBM KLCI topped the 1,600-point mark as it extended yesterday's rally on growing optimism over the discovery of the Covid-19 vaccines and as Parliament discussions over Budget 2021 continued.
KUALA LUMPUR: Shares of Vivocom and GETS Global fell in mid-morning trade on Thursday as the stocks came under selling pressure after the recent rally.
KUALA LUMPUR: Investors were cautious in early Thursday trade as they worried whether the Budget 2021 proposals would secure majority vote in parliament later in the day.