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Thursday, 31 May 2018

Ringgit opened mixed with the improved performance of the equity market. Opened local unit was quoted at 3.9800/9850.


Malaysia: The ringgit opened higher versus the US dollar this morning on renewed demand for the local currency in tandem with the improved performance of the equity market.
At 9.01am, the local unit was quoted at 3.9800/9850 against Wednesday’s close of 3.9870/9900.
Meanwhile, the ringgit opened mixed against a basket of other major currencies.
It depreciated against the British pound to 5.2906/2989 from 5.2904/2963; and was lower against the euro at 4.6403/6469 from 4.6301/6344 on Wednesday.
The local note improved against the Singapore dollar to 2.9713/9754 versus 2.9714/9741; and gained versus the yen to 3.6608/6664 from 3.6645/6680 yesterday.

  
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Wednesday, 30 May 2018

#Bursa #Malaysia opened easier because underperformance of Wall Street with Volume stood at 319.07 million units valued at RM247.61 million.


Malaysia: Bursa Malaysia opened easier today, echoing the overnight underperformance of Wall Street, dealers said.
At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (Bursa Malaysia Price(FBM KLCI) was 31.23 points lower at 1,744.61 from Monday’s close of 1,775.84.
The index opened 16.28 points weaker at 1,759.56.
On the broader market, (Stock Signalsdecliners led gainers 449 to 70, while 179 counters were unchanged, 1,236 untraded and 55 others suspended.
Volume stood at 319.07 million units valued at RM247.61 million (Financial Adviser Malaysia).


  
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Tuesday, 29 May 2018

Yesterday, Ringgit strengthened against the British pound, increased against the euro also, better against the Singapore dollar but eased against the yen.


Malaysia: The ringgit closed slightly lower against the US dollar today on lack of fresh buying interest, a dealer said.
At 6pm, the local unit (Daily Forex Signals) was quoted at 3.9800/9850 from last Friday's 3.9790/9830.
Meanwhile, the ringgit closed mostly higher against a basket of other major currencies.
It strengthened against (Forex Signal Malaysia) the British pound to 5.3037/3116 from 5.3128/3197 on Friday, and increased against the euro to 4.6435/6505 from 4.6606/6665 previously.
It was better against the Singapore dollar at 2.9690/9739 from Friday's 2.9721/9753, but eased against the yen to 3.6370/6419 from 3.6348/6391.

  
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Monday, 28 May 2018

Ringgit was mostly higher versus the US dollar this morning on lack of interest for the local currency.


Malaysia: The ringgit opened lower versus the US dollar this morning on lack of interest for the local currency, a dealer said.
At 9.02am, the local unit (Daily Forex Signals) was quoted at 3.9810/9860 against Friday’s close of 3.9790/9830.
Meanwhile, the ringgit (Forex Signal Malaysia) was mostly higher against a basket of other major currencies.
It appreciated against the British pound to 5.2983/3070 from 5.3128/3197, and was higher against the euro at 4.6574/6644 from 4.6606/6665 on Friday.
It improved against the Singapore dollar to 2.9698/9753 versus 2.9721/9753, but eased versus the yen to 3.6373/6328 from 3.6348/6391 on Friday.

  
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Friday, 25 May 2018

Bursa Malaysia rebounded; Among heavyweights: Maybank, Petronas Chemicals, Public Bank, TNB & CIMB. For actives: Sapura Energy, YTL Power, Sliver Ridge, Sumatec & MyEG.


Malaysia: Bursa Malaysia rebounded to open higher on renewed buying interest in selected heavyweights after the recent heavy losses, on positive domestic economic development, dealers said.
At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 16.11 points better at 1,791.77 from Thursday’s close of 1,775.66.
The index opened 17.14 points higher at 1,792.82.
On the broader market, (Bursa Malaysia Pricegainers led losers 203 to 124 while 170 counters were unchanged, 1,410 untraded and 26 others suspended.
Volume stood at 163.35 million units valued at RM131.66 million.
A dealer said the market might gain new momentum after the Malaysia-China Chamber of Commerce said yesterday that Chinese investors were keen to re-invest in the country due to stable political landscape and a favourable investment environment.
Its President Tan Yew Sing said the Chinese investors (Stock Signals) were planning to return to Malaysia if the country has a transparent policy of no tolerance for corruption, and aggressive investigations conducted against private and government entities currently would make Malaysia more competitive in the long run.
Among heavyweights, Maybank was six sen weaker at RM10.20, Petronas Chemicals slipped five sen to RM8.29, Public Bank rose 60 sen to RM24.96, TNB advanced 32 sen to RM15.08 and CIMB gained 11 sen to RM6.16.
For actives, Sapura Energy and YTL Power (Financial Adviser Malaysiawent up 1.5 sen each to 70.5 sen and 76.5 sen, respectively, Sliver Ridge improved 2.5 sen to 24.5 sen while Sumatec and MyEG were flat at 4.5 sen and 79.5 sen, respectively.
The FBM Emas Index added 93.48 points to 12,489.44, the FBMT 100 Index increased 99.29 points to 12,297.25 and the FBM Emas Shariah Index perked 63.89 points to 12,531.84.
The FBM rose 80.24 points to 14,735.07 and the FBM Ace advanced 9.72 points to 5,161.79.
Sector-wise, the Finance Index jumped 118.61 points to 17,841.50, the Plantation Index was 21.86 points higher at 7,859.39 but the Industrial Index fell 2.08 points to 3,195.87.

  
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Thursday, 24 May 2018

The Ringgit weakened against the Singapore dollar but appreciated against the Yen also, depreciated against the British pound & increased against the Euro.


Malaysia: The ringgit was unchanged against the US dollar in the absence of fresh direction and on subdued demand for the local note, amid the firmer greenback, dealers said.
At 9.03 am, the local unit was pegged at yesterday’s close of 3.9800/9850.
OANDA Head of Trading (Daily Forex Signalsin Asia-Pacific Stephen Innes said the ringgit remained mired in political risks as the market tried to understand the new government’s plan to deal with the fiscal deficit after repealing the Goods and Services Tax.
Meanwhile, the local unit traded (Forex Signal Malaysia) mixed against a basket of currencies.
The ringgit weakened against the Singapore dollar to 2.9629/9677 from Wednesday’s 2.9606/9653, but appreciated against the yen to 3.6287/6340 from 3.6311/6369.
It depreciated against the British pound to 5.3185/3264 from 5.3133/3216 and increased against the euro to 4.6602/6668 from 4.6662/6728.

  
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Wednesday, 23 May 2018

Ringgit traded mixed, opens slightly lower against the US dollar today on mild profit taking.


Malaysia: The ringgit retreated from yesterday’s gains to open slightly lower against the US dollar today on mild profit taking due to concerns over a possible US interest rate rise.
At 9.04am, the local note was quoted (Daily Forex Signals) at 3.9710/9750 versus the greenback from yesterday’s close of 3.9655/9685.
Meanwhile, the ringgit (Forex Signal Malaysia) traded mixed against a basket of other major currencies.
It was easier against the Singapore dollar at 2.9648/9689 versus 2.9638/9664 on Tuesday, and declined against the yen to 3.5826/5872 from 3.5754/5788.
The local unit appreciated against the British pound to 5.3335/3396 from 5.3423/3480, and rose against the euro to 4.6782/6837 from 4.6884/6924.

  
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Tuesday, 22 May 2018

Bursa Malaysia retreated slightly on mild profit. Market Sentiment says gainers led losers 198 to 188, while 215 counters were unchanged, 1,306 untraded and 20 others suspended.


Malaysia: Bursa Malaysia opened higher, but retreated slightly thereafter on mild profit taking in selected heavyweights and in line with its regional peers, as concerns over the US-China trade discussions lingered, dealers said.
At 9.23 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.70 points lower at 1,851.88 from Monday’s close of 1,853.58.
The index opened 1.03 points higher at 1,854.61.
On the broader market, gainers led losers 198 to 188, while 215 counters were unchanged, 1,306 untraded and 20 others suspended.
Volume stood at 257.83 million units valued at RM176.92 million (Bursa Malaysia Price).
Public Investment Bank Bhd said the local bourse may have a positive bias today as gains forglobal equities were highlighted by a jump in the Dow Jones Industrial Average to a two-month high and a record peak for London’s FTSE 100.
“An easing of China-US tensions over the weekend helped to buoy risk appetite with Steven Mnuchin, US Treasury Secretary, stating “we’re putting the trade war on hold”,” it said in a research note today.
Among heavyweights (Stock Signals), Maybank was flat at RM10.88, Public Bank rose two sen to RM25.20, while TNB shed 12 sen to RM15.54, Petronas Chemicals fell five sen to RM8.65 and CIMB declined one sen to RM6.59.
For actives, MyEG slipped 3.5 sen to 94.5 sen, Sapura Energy earned half-a-sen to 78 sen, Hibiscus Petroleum bagged two sen to RM1.03, while Globatec and Tiger Synergy were flat at five sen and 2.5 sen, respectively.
The FBM Emas Index went down 3.21 points to 12,877.09, (Financial Adviser Malaysia) the FBMT 100 Index decreased 4.02 points to 12,674.886 and the FBM Emas Shariah Index dipped 15.78 points to 12,934.74.
The FBM 70 jumped 21.35 points to 15,067.31 and the FBM Ace advanced 11.19 points to 5,390.34.
Sector-wise, the Finance Index was 17.72 points higher at 18,389.51, while the Plantation Index slid 12.38 points to 7,946.22 and the Industrial Index fell 8.27 points to 3,298.89.

  
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Monday, 21 May 2018

Malaysia Ringgit traded mixed. However, continued its losing streak to open lower on lack of market demand.


Malaysia: The ringgit continued its losing streak to open lower against the US dollar this morning on lack of market demand.
As of 9am, the local unit was quoted (Forex Signal Malaysia) at 3.9730/9780 from 3.9700/9740 recorded at Friday's close.
Meanwhile, the ringgit traded (Daily Forex Signals) mixed against a basket of other major currencies.
It fell against the Singapore dollar to 2.9559/9600 from 2.9523/9557, and declined versus the yen to 3.5773/5828 from 3.5769/5815 on Friday.
The local note appreciated against the British pound to 5.3469/3540 from 5.3516/3577, and improved against the euro to 4.6663/6738 from 4.6751/6806.

  
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Friday, 18 May 2018

The Ringgit remains resilient following higher US bond yields results oil prices continued to leave the ringgit less vulnerable.


Malaysia: The ringgit opened lower against the US dollar on lack of buying momentum and with interest in the greenback following higher US bond yields, a dealer said.
As at 9 am, the local unit was quoted at 3.9710/9750 from 3.9670/9710 recorded at yesterday's close.
The dealer said the surging US dollar and higher US bond yields continue to weigh on the local note.
“However, higher oil prices (Forex Signal Malaysia) continued to leave the ringgit less vulnerable to external shocks, but it was hard to argue the current direction with US yields moving higher,” he added
Meanwhile, Bank Negara Malaysia (BNM) yesterday, announced the country's economy grew by 5.4 per cent in the first quarter of 2018 compared with 5.6 per cent recorded in the same period a year ago.
It also said the ringgit appreciated 6.2 per cent against the US dollar in the 1Q18.
“The ringgit remains resilient post-GE14,” BNM Governor Tan Sri Muhammad Ibrahim said.Against a basket of major currencies, the local note traded mostly lower, except for the yen, which rose to 3.5801/5846 from 3.5836/5878.
The ringgit fell against the (Daily Forex SignalsSingapore dollar to 2.9588/9640 from 2.9558/9599 on Thursday and decreased versus the British pound to 5.3664/3726 from 5.3543/3612, while weakening against the euro at 4.6878/6933 from 4.6815/6878.

  
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Thursday, 17 May 2018

Bursa Malaysia had ensured adequate and robust market management measures & also, strong economic fundamentals and investor confidence.


Malaysia: The Malaysian stock market remains resilient and stable, reflecting the country’s strong economic fundamentals and investor confidence, despite anticipated uncertainties from the election outcome, Bursa Malaysia said.
The exchange said the market saw encouraging signs over the three days when it reopened after the nation’s 14th General Elections with strong support from both local and foreign buyers.
The traded value of RM7.3 billion on Monday was the highest ever in record, with daily market velocity at 96 per cent, it added.  
The market was seen to have normalised today, up by 10.06 points from the previous close.
FTSE Bursa Malaysia KLCI (Stock Signals) closed at 1,858.26 points on Wednesday, up 0.54 per cent from its previous close on Tuesday.
In line with its function as the national stock exchange, chief executive officer Datuk Seri Tajuddin Atan said Bursa Malaysia had ensured adequate and robust market management measures were securely in place to maintain a fair and orderly market in the event of excessive volatility.
“The fact that the market was resilient and remained well-supported over the last three days reflects Malaysia’s strong economic fundamentals and investor confidence (Share Trading Tips).
“The additional two-day break allowed the market to make rational investment decisions that were underpinned by stronger corporate earnings growth and positive economic outlook,” he said in a statement.
Tajuddin said imminent developments such as institutional and governance reforms will further enhance Malaysia’s competitiveness, in line with Bursa Malaysia’s (Bursa Malaysia Price) continuous efforts in championing corporate governance among listed companies as key levers of sustainable growth.
“The exchange will continue to step up initiatives to increase the depth, breadth and vibrancy of the Malaysian capital market,” he added.


  
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Wednesday, 16 May 2018

Ringgit opened lower; rose against the Singapore dollar, increased versus the yen, appreciated vis-a-vis the British pound, strengthened against the euro.


Malaysia: The ringgit opened lower against the US dollar this morning, but was higher against other major currencies.
As of 9am, the local unit was quoted at 3.9600/9650 from yesterday's close of 3.9540/9580 (Forex Signal Malaysia).
The ringgit rose against the (Daily Forex Signals) Singapore dollar to 2.9456/9506 from 2.9578/9617 on Tuesday, and increased versus the yen to 3.5886/5938 from 3.5972/6081.
It also appreciated vis-a-vis the British pound to 5.3460/3531 from 5.3565/3635, and strengthened against the euro to 4.6831/6906 from 4.7155/7211.

  
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Tuesday, 15 May 2018

The Ringgit traded higher also, local note received support from local buyers till now local unit was quoted at 3.9480/9510.


Malaysia: The ringgit was unchanged against the US dollar despite gains made by the greenback following hints by the US Federal Reserve to further increase its interest rate.
As of 9am, the local unit was quoted at 3.9480/9510 against the US dollar, from Monday’s close of 3.9480/9530 (Forex Signal Malaysia).
A dealer said the local note received support from local buyers, post-general election.
Meanwhile, the ringgit traded higher against a basket of other major currencies (Daily Forex Signals).
It rose against the Singapore dollar to 2.9564/9598 from 2.9893/9929 on Monday, and increased versus the yen to 3.5966/6003 from 3.6466/6503 yesterday.
The local currency appreciated vis-a-vis the British pound to 5.3555/3599 from 5.4053/4113, and strengthened against the euro to 4.7111/7163 from 4.7673/7716.

  
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Monday, 14 May 2018

Bursa Malaysia on knee-jerk reaction local stock market as it created uncertainty. Among heavyweights Maybank lost; Public Bank eased; Tenaga fell; CIMB slumped; Petronas Chemicals went up.


Malaysia: Bursa Malaysia opened sharply lower today on knee-jerk reaction following a surprise win by Pakatan Harapan (PH) in the 14th General Election (GE14).
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 31.72 points at 1,814.79 from Tuesday's close of 1,846.51.
The index opened 32.06 points lower at 1,814.45.
A dealer said the unexpected defeat of the ruling Barisan Nasional coalition at the hands of PH in the just concluded GE14 on Wednesday last week was a negative surprise for the local stock market as it created uncertainty.
“Hence, a sharp correction is likely today,” he said.
He added that the immediate support was spotted at 1,811 and immediate resistance at 1,865.
Among heavyweights, Maybank lost 14 sen to RM10.56, Public Bank eased two sen to RM23.86, Tenaga fell 46 sen to RM15.60 and CIMB slumped 64 sen to RM6.26.
Petronas Chemicals went up one sen to RM8.43.
For actives, Sapura Energy added nine sen to 76 sen, Eden Inc gained 14 sen to 31 sen, Opcom perked 30 sen to 90.5 sen and Berjaya Corporation went up 5.5 sen to 36 sen.
Cuscapi lost 14.5 sen to 21 sen.
The FBM Emas Index fell 319.27 points to 12,566.44, the FBMT 100 Index declined 317.78 points to 12,380.66, the FBM Emas Shariah Index shed 359.04 points to 12,716.32, the FBM Ace slid 138.47 points to 5,073.86 and the FBM 70 lost 391.68 points to 14,911.58.
Sector-wise, the Industrial Index slipped 26.05 points to 3,170.5, the Finance Index was 383.24 points lower at 17,707.35 and the Plantation Index lost 80.75 points to 7,768.97.
On the broader market, losers led gainers 292 to 206, while 140 counters were unchanged, 1,241 untraded and 29 others suspended.
Volume stood at 314.78 million units valued at RM306.7 million.


  
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