Kha, Mei

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

At 9.02 am, the ringgit was quoted at 3.9155/9185 against the greenback from 3.9005/9035 at 5 pm yesterday. 

"The ringgit breached the 3.9000 per dollar for the first time since the Asian financial crisis 17 years ago, pressured by lack of domestic leads and falling commodity prices, which hurt investor confidence," he said.

The ringgit traded lower against most other major currencies. 

It depreciated against the Singapore dollar to 2.8259/8303 from 2.8140/8166  yesterday but was lower against the yen at 3.1387/1416 from 3.1231/1266 previously.

The ringgit eased against the pound sterling to 6.0749/0823 from 6.0871/0938 on Thursday and declined against the euro to 4.2785/2825 from 4.2461/2501 previously.


KUALA LUMPUR - Bursa Malaysia opened lower Friday on lack of catalyst in line with the overnight decline of US shares, a dealer said.

At 9.59 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 15.49 points down at 1,679.15, after opening 2.31 points easier at 1,692.33.

A dealer told Bernama that US employment data, due later today, may shed some light on whether the Federal Reserve will raise interest rates in September.

On the scoreboard, the FBM Emas Index fell 47.53 points to

JAKARTA: Most Southeast Asian stock markets fell on Tuesday, with the Thai index snapping a three-day rising streak as a weak economy dashed hopes of strong corporate earnings while the Malaysian index retreated as investors cashed quick gains in telecoms.

The Thai SET index eased, trimming some of the combined 1.6 percent gain in the three sessions to Monday.

Shares of mobile operator Advanced Info Service fell 1.2 percent on lower revenue growth forecast. 

Banking shares fell 0.5 percent

KUALA LUMPUR: Fund buying of key stocks including Maybank pushed the FBM KLCI solidly beyond the critical 1,700 level in Friday morning trade as the volatile July comes to an end.

At 9.43am, the KLCI was up 8.42 points or 0.5% to 1,708.34. Turnover was 291.13 million shares valued at RM152.21mil, reflecting the lower quality of buying. Gainers led losers 224 to 176 while 217 counters were unchanged.

Despite the firmer market sentiment, BIMB Securities Research had cautioned investors the

KUALA LUMPUR - Shares on Bursa Malaysia were traded higher this morning, supported by China's positive stock market outcome, a dealer said.

At 9.03 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.33 points better at 1,725.06 after opening 0.2 points lower at 1,723.53.

She said the rise of the shares was prompted by limits imposed by Chinese regulators on short selling on the mainland in its quest to stabilize the market.

The Shanghai Composite Index rose 133.64 points or 3.69 per

KUALA LUMPUR - Shares on Bursa Malaysia were traded higher Friday morning supported by mild buying in selected heavyweights, a dealer said.

At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.19 points better at 1,704.11 after opening 1.39 points higher at 1,701.31.

He said the local stock exchange was lifted by some buying from the domestic players especially in finance-related stocks.

Maybank rose three sen to RM9.02, Public Bank added 10 sen to RM18.98 while CIMB was four

KUALA LUMPUR: BIMB Securities Research expects the local market to remain sideways with slight downside bias due to lack of fresh catalysts.

It said on Thursday that was coupled by the continuous selling by foreign institutions but it expects the FBM KLCI to experience strong support at 1,690.

On Wednesday, the KLCI fell 0.71 points to close at 1,698.99, dragged down mainly by O&G and energy stocks.

Foreign institutions and local retail remained the net sellers while local institutions

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