Day: September 18, 2024

KUALA LUMPUR, The ringgit opened lower against the US dollar today, as market participants adopted a wait-and-see approach ahead of the United States (US) Federal Open Market Committee’s (FOMC) decision on interest rate cuts. At 8.13 am, the local note depreciated to 4.2610/2785 versus the greenback from Tuesday’s close of 4.2535/2645. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that there have been mixed views on the extent of the US Federal Reserve’s (Fed) potential rate cut today. ‘This uncertainty has caused anxiety, as the Fed may take a more gradual approach, while markets appear to

KUALA LUMPUR, FTSE Bursa Malaysia KLCI (FBM KLCI) futures were lower in the early trading session on Bursa Malaysia Derivatives, tracking the underlying cash market’s performance. At 9.25 am, September 2024 contract eased 3.0 points to 1,659.0, October 2024 fell 4.0 points to 1,660.5, December 2024 declined 5.0 points to 1,665.0, and March 2025 shed 4.5 points to 1,652.0. Turnover stood at 1,390 lots, with open interest at 45,212 contracts. The FBM KLCI slipped 5.73 points to 1,658.55 after 35 minutes of trading. Source: BERNAMA News Agency

KUALA LUMPUR, Bursa Malaysia traded flat to lower during the early morning trade, taking its cue from Wall Street’s muted overnight performance as most traders remained on the sidelines ahead of the United States (US) Federal Reserve’s potential rate cut. At 9.13 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.84 points to 1,660.44 from Tuesday’s close of 1,664.33. The benchmark index opened 0.05 of-a-point higher at 1,664.33. Across the broader market, losers led gainers 232 to 104, with 256 counters unchanged, 1,913 untraded and nine suspended. Turnover amounted to 215.23 million shares worth RM159.22 million. In a note,

KUALA LUMPUR, FTSE Bursa Malaysia KLCI (FBM KLCI) futures were lower in the early trading session on Bursa Malaysia Derivatives, tracking the underlying cash market’s performance. At 9.25 am, September 2024 contract eased 3.0 points to 1,659.0, October 2024 fell 4.0 points to 1,660.5, December 2024 declined 5.0 points to 1,665.0, and March 2025 shed 4.5 points to 1,652.0. Turnover stood at 1,390 lots, with open interest at 45,212 contracts. The FBM KLCI slipped 5.73 points to 1,658.55 after 35 minutes of trading. Source: BERNAMA News Agency

KUALA LUMPUR, Bursa Malaysia traded flat to lower during the early morning trade, taking its cue from Wall Street’s muted overnight performance as most traders remained on the sidelines ahead of the United States (US) Federal Reserve’s potential rate cut. At 9.13 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.84 points to 1,660.44 from Tuesday’s close of 1,664.33. The benchmark index opened 0.05 of-a-point higher at 1,664.33. Across the broader market, losers led gainers 232 to 104, with 256 counters unchanged, 1,913 untraded and nine suspended. Turnover amounted to 215.23 million shares worth RM159.22 million. In a note,