Business

[UPDATED] Ringgit, Bursa slide ahead of M’sia economy Q1 results

Local note at 4.1100/1160 versus greenback in early trade; FBM KLCI down 8.79 points to 1,575.13

Updated 5 years ago · Published on 11 May 2021 9:23AM

[UPDATED] Ringgit, Bursa slide ahead of M’sia economy Q1 results
The ringgit’s performance this morning comes ahead of an announcement later today on Malaysia’s economic growth for the first quarter of 2021. – The Vibes file pic, May 11, 2021

KUALA LUMPUR – The ringgit fell against the United States dollar in early trade today, ahead of an announcement on Malaysia’s economic growth for the first quarter (Q1) of 2021.

At 9.01am, the local currency eased to 4.1100/1160 against the greenback from yesterday’s close of 4.1050/1100.

Meanwhile, Bursa Malaysia edged lower across the board this morning, weighed down by weak sentiment following the extension of movement curbs in the country and ahead of the Q1 results.

At 9.14am, the benchmark index FTSE Bursa Malaysia KLCI fell 8.79 points to 1,575.13 from 1,583.92 at yesterday’s close.

The index opened 4.61 points weaker at 1,579.31. – Bernama, May 11, 2021

Related News

Business / 1w

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Business / 1mth

Ringgit edges higher against US Dollar amid subdued market sentiment

Business / 2mth

Ringgit retreats to 4.00 versus the US Dollar amid West Asia ceasefire uncertainties

Business / 3mth

BNM ensures orderly financial markets amid global uncertainties

Malaysia / 3mth

Middle East conflict: Brace for more expensive imports - Tengku Zafrul

Malaysia / 3mth

Two factors contributed to lower EPF dividends this year – CEO

Spotlight

Malaysia

PM Anwar – ‘Rather a torn shirt, then …’ (video)

By Alfian Z.M. Tahir

Malaysia

After years of abandonment, Highland Towers to be demolished before year end

Malaysia

PH seat distribution finalised, PKR to contest 20 Johor PRN seats, 16 in Negeri

Malaysia

Rosmah Mansor denies viral allegations, lodges police report

Malaysia

Four arrested after maid abuse footage exposes alleged pattern of domestic worker mistreatment

Malaysia

Muhyiddin's 'congratulatory' message to Hamzah a fake

Malaysia

Hamzah Zainudin launches new political party, Parti Wawasan Negara

Malaysia

Disturbing video of alleged employers assaulting their helper goes viral (video)

You may be interested

Business

Singapore-based Galatek Technologies sets up production hub at Prai Industrial Estate

By Ian McIntyre