By Abdul Hamid A Rahman
KUALA LUMPUR, Jan 27 (Bernama) -- The ringgit ended at another fresh high in more than seven years against the US dollar today, reaching the 3.95 level, with an economist setting a new support level for the local currency at RM3.8722.
KUALA LUMPUR, Jan 27 (Bernama) -- Bursa Malaysia’s benchmark index extended its rally to close at an intraday high of 1,771.25, marking a fresh multi-year high, supported by strong and sustained buying interest in blue-chip stocks.
By Nurunnasihah Ahmad Rashid and Abdul Hamid A Rahman
KUALA LUMPUR, Jan 27 (Bernama) -- Malaysia’s equity market surged to its strongest level since 2018 on Tuesday, as renewed investor confidence, underpinned by a firmer ringgit and shifting global capital dynamics, prompted a reassessment of the country’s risk profile, say economists.
KUALA LUMPUR, Jan 27 (Bernama) -- The ringgit traded at 3.9540 against the US dollar at the lunch break, marking a fresh high since May 15, 2018, when it last stood at the same level, and extending its run of fresh highs.
By Siti Noor Afera Abu
KUALA LUMPUR, Jan 27 (Bernama) -- Bursa Malaysia’s benchmark index continued its uptrend momentum at midday in line with regional peers, lifted by persistent buying in banking, healthcare and utility counters.
KUALA LUMPUR, Jan 27 (Bernama) -- The ringgit steadily opened at 3.96 against the US dollar this morning, amid talks of possible currency intervention by the United States and Japanese authorities intensified.
By Abdul Hamid A Rahman
KUALA LUMPUR, Jan 26 (Bernama) -- The ringgit spiralled to breach the 4.00 psychological level at the close today against the US dollar, as the currency extended its uptrend that began last week, reflecting improving sentiment toward the country’s economic fundamentals and policy stability.
KUALA LUMPUR, Jan 26 (Bernama) -- Bursa Malaysia extended its upward momentum to close at its highest level in more than seven years, supported by strong buying interest in blue-chip stocks from both local institutional and foreign investors, an analyst said.
KUALA LUMPUR, Jan 26 (Bernama) -- Bursa Malaysia’s key benchmark index surged to its highest level in more than seven years at mid-afternoon, lifted by the ringgit's continued strength against the US dollar which drew traders' focus towards domestic-oriented sectors, especially the financial services counters.
KUALA LUMPUR, Jan 26 (Bernama) -- Malaysia’s gold price is on track to surpass RM700 per gram going forward, supported by a softer US dollar and as the ringgit continues to strengthen, said analysts.
KUALA LUMPUR, Jan 26 (Bernama) -- The ringgit continued its momentum to trade at 3.9665 against the US dollar after lunch break today, marking a fresh high since May 22, 2018, when it last stood at 3.9655.
KUALA LUMPUR, Jan 26 (Bernama) -- Malaysia’s fundamentals “remain encouraging,” supported by quality foreign direct investment (FDI) inflows, upbeat growth, a wider trade surplus and a clear commitment to fiscal consolidation, said OCBC Group Research.
