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

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