Market News & Events

KUALA LUMPUR (March 31): The ringgit extended its upward momentum against the greenback as the US dollar retreated amid concerns over US gross domestic product data which showed a lower-than-expected reading, said an analyst.

KUALA LUMPUR (March 30): The ringgit opened higher against the US dollar on Wednesday (March 30), as the greenback retreated amidst the risk-on mode in the US equity market, said an analyst.

KUALA LUMPUR (March 30): Inter-Pacific Securities Sdn Bhd said although the 1,580-support level has held d up in the wake of the increased selling yesterday, the market’s condition remain largely fluid as domestic leads are still far-and-in between.

(March 29): Most Asian currencies were largely unchanged on Tuesday as the lockdown in Shanghai and inverting yield curves in the United States kept a lid on global economic growth prospects, while a fall in oil prices provided some relief.

KUALA LUMPUR (March 29): Bursa Malaysia remained in negative territory at midday on continued profit taking in most heavyweight counters.

KUALA LUMPUR (March 29): Bursa Malaysia opened lower on profit-taking in selected heavyweights due to recent gains.

KUALA LUMPUR (March 29): The ringgit opened lower against the US dollar on Tuesday as the greenback strengthened further following the latest annoucement by the Bank of Japan (BOJ) to buy 10-year Japanese Government Bonds (JGBs) from 29 to 31 March.

KUALA LUMPUR (March 29): Inter-Pacific Securities Sdn Bhd said the buying interest appeared to have diminished on the back of the lack of new leads and the directionless trading environment looks to persist over the near term.

SYDNEY (March 28): Asian shares stalled and oil prices slid on Monday as coronavirus lockdown in Shanghai looked set to hit global activity, while throwing another wrench into supply chains that could add to inflationary pressures.