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Market

Ringgit Weakens Against US Dollar, Gains Versus Other Currencies

KUALA LUMPUR, May 13 (Bernama) -- The ringgit closed lower against the US dollar today as investors scaled back their expectations for the United States Federal Reserve (Fed) to cut interest rates.

FBM KLCI Futures Close Higher

KUALA LUMPUR, May 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives closed higher in line with the better cash market performance.

Bursa Malaysia Hits Over Two-Month High On Trade Optimism

By Siti Noor Afera Abu

KUALA LUMPUR, May 13 (Bernama) -- Bursa Malaysia extended its upward momentum on Tuesday, soaring 2.32 per cent to a more than two-month high, buoyed by renewed risk-on sentiment as the United States (US) and China took significant steps to de-escalate trade tensions over the weekend.

Rubber Market Ends Higher Amid Easing US-China Trade Tensions

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 13 (Bernama) -- The Malaysian rubber market ended higher today, supported by the upward momentum in regional rubber futures markets, driven by improved global sentiments as a result of the de-escalation of trade tensions between the United States (US) and China, a dealer said.

Bursa Malaysia Surges Higher By Midday

By Siti Noor Afera Abu

KUALA LUMPUR, May 13 (Bernama) -- Bursa Malaysia ended the morning session higher as global markets see a strong risk-on push following bullish US-China trade talks. 

US-China Tariff Development Positive For Malaysian Equity Market - CIMB Securities 

By Karina Imran

KUALA LUMPUR, May 13 (Bernama) -- The United States (US)-China agreement to temporarily reduce tariff is broadly positive for the local equity market, as it reduces the risk of a US and global recession and leads to higher net foreign inflows, said CIMB Securities Sdn Bhd. 

FBM KLCI Futures Higher In Early Trade

KUALA LUMPUR, May 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives were higher in early trade on Tuesday.

Bursa Malaysia Opens Higher With US-China Tariff Pause

KUALA LUMPUR, May 13 (Bernama) -- Bursa Malaysia started the week on a positive note today, tracking gains on Wall Street after the United States (US) and China agreed to a 90-day pause in their trade dispute.

Ringgit Opens Higher Vs US Dollar, Market Sentiment Improves

KUALA LUMPUR, May 13 (Bernama) -- The ringgit opened slightly higher against the US dollar today, supported by positive sentiment from the United States (US)-China diplomatic negotiations on the US tariff, an analyst said.

Bursa Malaysia To Maintain Positive Momentum Next Week

By Zarul Effendi Razali

KUALA LUMPUR, May 10 (Bernama) -- Bursa Malaysia is expected to maintain its positive momentum next week, supported by improving investor sentiment and a bullish global market outlook, a dealer said.

Ringgit Likely To Stay Weaker Next Week Amid US-China Trade Deal Optimism

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 10 (Bernama) -- The ringgit is expected to stay weaker in the near term, given the optimism that a trade deal between the United States (US) and China, and perhaps the rest of the world, would be achieved within the 90-day pause period.

Gold Futures Likely To Trade Lower Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 10 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade lower next week, as progress in the trade deal between the United States (US) and China -- anticipated by the end of the week -- may boost demand for the US dollar and weigh on gold prices.