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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.
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: 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.
KUALA LUMPUR: Bursa Malaysia staged a rebound in early Wednesday trade, tracking the overnight rally on Wall Street, with Public Bank and Hong Leong Bank underpinning the FBM KLCI’s gains.
SEOUL: South Korean shares ended at a record high on Tuesday, with Samsung Electronics leading gains, as COVID-19 vaccine developments and U.S. President-elect Joe Biden receiving formal approval for his White House transition boosted sentiment.
KUALA LUMPUR: Bursa Malaysia got off Tuesday on a cautious note as losses in Top Glove and profit taking on Petronas Dagangan weighed on the FBM KLCI amid a weaker broader market.
KUALA LUMPUR: Foreign selling on Bursa Malaysia rose marginally to RM268.8mil for the week ended November 20 compared with RM246.32mil a week before, according to MIDF Research.
KUALA LUMPUR: Bursa Malaysia followed key Asian markets higher early Monday as buying returned to blue chips including Petronas-linked stocks, Public Bank and Hartalega.
THE US dollar was traded broadly weaker during the week reviewed, down 0.50% to 92.29 – touching the lowest level since end-August
KUALA LUMPUR: Blue chips extended their losses early Friday on news that US Treasury Secretary Steven Mnuchin wanted the government to stop providing pandemic relief for struggling businesses.