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KUALA LUMPUR - Bursa Malaysia opened lower today, extending last week's sell-off on the back of various external and internal developments, a dealer said.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.72 points down at 1,663.56, after opening 6.01 points easier at 1,590.81.

A dealer said market sentiment was still poor amid the multi-year low Asian currencies, China-Japan currency war and an impending US rate hike.

"The benchmark index is expected to test the lower level with immediate support zone at 1,550 - 1,570," he added.

On the scoreboard, the FBM Emas Index fell 50.34 points to 10,915.58, the FBMT100 Index slipped 41.81 points to 10,651.62 and the FBM Emas Syariah Index eased 58.05 points to 11,327.30.

The FBM 70 was down 34.13 points to 11,739.14 and the FBM Ace depreciated 51.93 points to 5,402.45.

On a sectoral basis, the Plantation Index eased 32.66 points to 6,961.33, the Finance Index declined 49.34 points to 14,233.48 and the Industrial Index shed 5.84 points for 3,071.84.

Decliners led gainers 237 to 59, while 131 counters remained unchanged, 1,374 untraded and 12 others suspended.

Turnover stood at 106.67 million shares worth RM37.65

KUALA LUMPUR: Without naming names, the central bank has disclosed that it raised concerns on a “highly leveraged entity” over the past two years to the relevant authorities.

Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said the central bank had been monitoring the entity during its yearly assessment of the financial system and had carried out an “informal investigation”.

Asked why the central bank only opened up a formal investigation in June this year into 1Malaysia Development Bhd

KUALA LUMPUR - The ringgit opened lower against the US dollar Friday as foreign banks continued to offload the local note, a currency trader said.

At 9.20 am, the ringgit was quoted at 4.0360/0430 against the greenback from 4.0080/0130 at 5 pm yesterday.

"After taking a breather with a mild rebound against the US dollar yesterday, ringgit continued to be pressured.

"External factors such as reaction to devaluation of the yuan will continue to play a major role in determining the direction of

KUALA LUMPUR: BIMB Securities Research expects the Malaysian stock market to stage a technical rebound on Tuesday as investor sentiment could be boosted by the overnight surge on Wall Street.

Wall Street snapped its seven-day losing streak, as a recovery in oil prices and Warren Buffett’s acquisition of Precision Castparts boosted investor sentiment.

The DJIA gained 1.39% to end at 17,615.17 while the S&P 500 surged 1.28% to 2,104.18.

European markets also finished higher with Greece’s

KUALA LUMPUR: The FBM KLCI opened on a steady note on Friday, extending its gains for the second day, but the overall mood was still cautious after the immense selling by foreign funds and concerns about the ringgit.

At 9.27am, the KLCI was up 2.3 points or 0.14% to 1,623.92. Turnover was 217.53 million shares valued at RM101.96mil. Losers led gainers 200 to 140 while 194 counters were unchanged.

BIMB Securities Research expects the FBM KLCI to remain on the upward trend due to the attractive

KUALA LUMPUR - Malaysia's economy expanded moderately by 4.9 per cent in the second quarter (Q2) of 2015 as compared with 5.6 per cent in the first quarter (Q1), driven mainly by private sector demand.

Malaysia is on the same page with the global economy, which also saw a moderate pace expansion, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said.

"The global economy expanded at a moderate pace in the second quarter of 2015. Growth in most Asian economies moderated in the second quarter

KUALA LUMPUR - Short- term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)'s intervention to absorb excess liquidity from the financial system.

BNM estimated today's liquidity at RM39.154 billion in the conventional system and RM10.583 billion in Islamic funds.

The central bank will conduct a RM6 billion conventional money market tender for seven days, a RM500 million repo for 31 days, two Qards of RM1 billion and RM1.8 billion for four days and seven days

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