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Ringgit opens higher against US Dollar on tourism sector stimulus
KUALA LUMPUR: The ringgit opened higher versus the US dollar today, supported by positive sentiment following the government’s announcement of a 10-year stimulus plan to restart the battered tourism sector. At 9am, the ringgit improve to 4.0550/0650 against the US
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Bursa Malaysia extends uptrend in early trade
KUALA LUMPUR: Bursa Malaysia has extended its uptrend from yesterday to open slightly higher this morning, as market sentiment remained positive following the clarity on vaccine deliveries, dealers said. At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added
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Ringgit opens easier against US dollar
KUALA LUMPUR: The ringgit opened easier against the US dollar today on the back of declining crude oil prices. At 9.08am, the ringgit was quoted at 4.0600/0660 versus the greenback compared with 4.0590/0630 on Tuesday. Axi chief global market strategist Stephen
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Bursa extends downtrend in early trade
KUALA LUMPUR: Bursa Malaysia extended yesterday’s downtrend to open easier this morning as market sentiment continued to be clouded by a resurgence of Covid-19 cases, as well as lower oil prices, dealers said. At 9.07am, the benchmark FTSE Bursa Malaysia
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Bursa Malaysia extends losses after opening higher
KUALA LUMPUR: Bursa Malaysia extended yesterday’s losses, reversing its opening gains within minutes today in tandem with the mixed performance of regional peers. Asian stock markets turned cautious as sentiments swung between optimism due to the Covid-19 vaccine roll out
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Bursa Malaysia opens higher but retreats thereafter
KUALA LUMPUR: Bursa Malaysia opened higher today but retreated thereafter after a strong showing in the past two days despite the overnight US stocks strong performance. The investors on Wall Street were reacting positive to the news that US lawmakers
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Positive economic sentiment pushes ringgit to open higher
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today following positive economic recovery sentiment across the globe, especially in Asia’s emerging market (EM). At 9am, the ringgit stood at 4.0470/0520 compared with yesterday’s close of 4.0530/0560. An
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Bursa Malaysia extends losses to open lower
KUALA LUMPUR: Bursa Malaysia extended yesterday’s losses to open lower, taking the cue from the overnight US stocks which slipped for the fourth consecutive day on Monday as investors weighed stimulus progress and vaccine distribution. Investors awaited word on whether
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Bursa Malaysia opens lower but rebounds thereafter
KUALA LUMPUR: Bursa Malaysia opened lower but rebounded thereafter, taking the cue from the mixed performance of the US stock indices last Friday. Wall Street ended rather mixed as optimism over an immediate solution for the US stimulus package fades.
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Ringgit higher against US dollar at opening
KUALA LUMPUR: The ringgit extended yesterday’s gains to trade higher against the US dollar today, supported by improving oil prices, said an analyst. At 9 am, the local note rose to 4.0530/0560 from Thursday’s close of 4.0600/0620. Axi chief global market
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