KUALA LUMPUR – The ringgit retreated from its gains yesterday to end lower against the US dollar today amid mixed sentiments in the market as investors continue to seek the safe-haven greenback, a dealer said.
At 6.02pm, the local currency fell to 4.6345/6390 against the greenback from yesterday’s close of 4.6290/6315.
Bursa Malaysia ended flat today on last-minute selling ahead of the tabling of Budget 2023 tomorrow, an analyst said.
At 5pm, the benchmark index fell 0.12 points, or 0.01%, to 1,420.43 from yesterday’s close of 1,420.55.
It opened 4.2 points better at 1,424.75 and moved to a high of 1,428.13 at mid-morning.
However, market breadth was positive with gainers outpacing decliners 435 to 328, while 427 counters were unchanged, 1,157 untraded, and seven others suspended.
Turnover stood at 2.25 billion units worth RM1.59 billion. – Bernama, October 6, 2022
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