Business

Bursa up slightly, retreats to extend losses

Ringgit opens at multiple-week low against the US dollar

Updated 5 years ago · Published on 18 Jun 2021 9:30AM

Bursa up slightly, retreats to extend losses
The FBM KLCI shed 2.80 points to 1,568.06 from yesterday’s close of 1,570.86. – Wikipedia pic, June 18, 2021

KUALA LUMPUR – Bursa Malaysia opened slightly higher but retreated thereafter, extending yesterday’s losses on continued profit-taking in selected technology, as well as consumer product and services counters, a dealer said.

At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.80 points to 1,568.06 from yesterday’s close of 1,570.86.

The index opened 0.23 of-a-point better at 1,571.09.

Market breadth was negative, with losers leading gainers 249 to 170, while 333 counters were unchanged, 1,445 untraded and 18 others suspended.

Turnover stood at 549.70 million units worth RM267.38 million. 

Meanwhile, the ringgit opened at a multiple-week low against the US dollar today, as traders continued to offload emerging currencies on the US Federal Reserve’s hawkish stance on its monetary policy.

At 9am, the local note slipped further to 4.1415/1440 versus the greenback from 4.1390/1400 at yesterday’s close.

This was the lowest level last seen earlier this year on May 31, when the ringgit opened at  4.1420/1500 against the greenback. – Bernama, June 18, 2021

Related News

Business / 1mth

Moves in major US stock indices could spill into currency and gold markets

Business / 2mth

Central bank policies remain crucial in shaping currency market movements

Business / 4mth

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Business / 5mth

Ringgit edges higher against US Dollar amid subdued market sentiment

Business / 6mth

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

Business / 6mth

BNM ensures orderly financial markets amid global uncertainties

Spotlight

Malaysia

Nhaveen murder trial: Accused admits taunting victim but denies fatal assault

Malaysia

MCMC probes alleged AI sexual abuse targeting Kedah pupils, teachers

Malaysia

Anwar checks final preparations for Budget 2027

Malaysia

Sarawak election could be called within weeks of Budget 2027

Malaysia

Anwar contacts Prabowo over ‘alarming’ transboundary haze

Malaysia

King calls for schools in haze-hit areas to close

Malaysia

Parents worry over children’s exposure as haze worsens

By Alfian Z.M. Tahir

You may be interested

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge