Bursa Alert
Global Market
NewsMarket Close KLCI cuts losses as ringgit strengthens to 3.8888
Page 1 of 1
Market Close KLCI cuts losses as ringgit strengthens to 3.8888
by Cals Tue 12 Apr 2016, 01:32
- Market Close
[size=28]KLCI cuts losses as ringgit strengthens to 3.8888
By Yimie Yong / theedgemarkets.com | April 11, 2016 : 5:52 PM MYTKUALA LUMPUR (April 11): The FBM KLCI fell 3.12 points or 0.2%, paring losses with Japan shares and as the ringgit strengthened.
At 5pm, the KLCI closed at 1,715.28 points, dragged down by stocks like RHB Capital Bhd and UMW Holdings Bhd. The KLCI had earlier dipped to an intraday low of 1,709.42 points.
The ringgit strengthened to 3.8888 against a weaker US dollar after the US Federal Reserve Chair Janet Yellen said the central bank should be cautious in its interest rate hike assessment.
Across Asia, Japan's Nikkei 225 fell 0.44% as a stronger yen against the US dollar was deemed a bane for Japanese exporters.
In Malaysia, Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com there were still uncertainties in the stock market, pending a decision from the US Federal Reserve on interest rate increases.
"The longer this drags on, there will be more uncertainties to the market. It is still uncertain whether the return of foreign funds back into the local stock market is sustainable," Wong said.
Bursa Malaysia saw 1.5 billion shares worth RM1.48 billion traded. Decliners beat gainers at 482 against 293.
British American Tobacco (Malaysia) Bhd led decliners while Box-Pak (M) Bhd was the top gainer. The top-active stock was Vivocom Intl Holdings Bhd.
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Market Close KLCI reverses losses; ringgit strengthens
» Market Close KLCI erases losses as ringgit strengthens
» Market Close KLCI cuts losses, ringgit stronger on new Bank Negara Governor
» Market Close KLCI at record close on foreign fund buying, ringgit strengthens
» Market Close KLCI down on Tenaga; Ringgit strengthens
» Market Close KLCI erases losses as ringgit strengthens
» Market Close KLCI cuts losses, ringgit stronger on new Bank Negara Governor
» Market Close KLCI at record close on foreign fund buying, ringgit strengthens
» Market Close KLCI down on Tenaga; Ringgit strengthens
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|