KUALA LUMPUR (June 5): The FTSE Bursa Malaysia (FBM KLCI) is expected to trade sideways next week with the level of resistance located at 1,600 to 1610 points. Market players will be monitoring the country’s April industrial production index to be released by the Statistics Department and the European Central Bank’s (ECB) policy rate meeting. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the holiday-shortened week would contribute further to the market lull as there seemed to be no new fresh catalyst in the market.
KUALA LUMPUR, June 3 Bursa Malaysia failed to maintain its upbeat momentum for the last two consecutive days to end lower on Thursday, prompted by persistent selling in healthcare-related stocks as investors opted to stay on the sidelines to weigh on the surging Covid-19 infections and pace of.
KUALA LUMPUR: Bursa Malaysia extended yesterday’s modest gains to end higher on Wednesday influenced by bullish external factors with crude oil closin.
KUALA LUMPUR: The ringgit opened lower against the US dollar today, as investors adopted a cautious measure ahead of the full movement control order (FMCO) across the country starting tomorrow, an analyst said.
KUALA LUMPUR, May 31 The ringgit opened lower against the US dollar today, as investors adopted a cautious measure ahead of the full movement control order (FMCO) across the country starting tomorrow, an analyst said. At 9.01am, the local currency declined to 4.1420/1500 against the greenback.