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KUALA LUMPUR: Bursa Malaysia is likely to trade in cautious mode next week as investors will be focusing on the release of Malaysia’s first-quarter 2021 (Q1 2021) gross domestic product (GDP) next week.
KUALA LUMPUR: The FBM KLCI stayed in positive territory headed into the lunch break as investors hunted for oversold counters.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Friday after Bank Negara Malaysia (BNM) maintained interest rate at 1.75 per cent, signalling Malaysia's economic recovery is on track, dealers said.
KUALA LUMPUR (Bernama) -- MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery.
Blue chips snapped their losing streak on Thursday on some buying of IHH Healthcare and KL Kepong but gloves lost ground amid a weaker broader market though there were some bright spots in the economic outlook.
Bank Negara Malaysia’s monetary policy committee maintained the overnight policy rate (OPR) at 1.75%, which was in line with economists’ expectations.
KUALA LUMPUR: The ringgit reversed its gains to open slightly lower against the US dollar today, as traders were seen adopting a wait-and-see approach due to the enforcement of the Movement Control Order (MCO) 3.0, a dealer said.
Glove makers dragged the FBM KLCI deeper into the red in early Thursday trading.