MARKETS

Bursa Malaysia closes lower on last-minute selling

 |  Tuesday, 15 May 2018 21:57  |  Published in MARKETS

Bursa Malaysia failed to sustain the buying momentum seen most of the day and closed lower on last-minute selling.

At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went down 2.22 points to 1,848.2 from Monday's close of 1,850.42.

KLCI Steadier After Falling 40pts Early Monday

 |  Tuesday, 15 May 2018 10:38  |  Published in MARKETS

Blue chips fell more than 40 points early Monday when the stock market resumed trading after Pakatan Harapan's shocking victory in last Wednesday's defining 14th General Election.

The KLCI fell 40 points at the start but managed to reduce its losses as local funds stepped in to pick up oversold counters due to the knee-jerk reaction.

Ringgit opens marginally higher against US dollar

 |  Monday, 14 May 2018 10:39  |  Published in MARKETS

The ringgit opened easier against the US dollar and other major currencies.

As at 9.00 am, the local unit was quoted at 3.9850/9880 against the greenback from Tuesday's close of 3.9480/9530.


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