MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa
Malaysia Kuala Lumpur Composite Index down 7.54 points to 1600.89.
MALAYSIA share prices opened lower on Monday with the FTSE Bursa
Malaysia Kuala Lumpur Composite Index down 1.60 points to 1612.52.
MALAYSIA share prices opened lower on Friday with the FTSE Bursa
Malaysia Kuala Lumpur Composite Index down 8.89 points to 1604.15.
China's benchmark stock index rose for the fourth time in five days
amid speculation President Xi Jinping's state visit to the US will help
technology and industrial companies boost exports to 9offset a slowing
economy.
Emerging-market assets have been under pressure since the Federal
Reserve cited China concerns as a reason for refraining from raising
interest rates last week. A measure of the Asian nation's manufacturing
fell to six-year low, according to a preliminary Purchasing Managers'
Index released Wednesday. 
Malaysia's consumer price index in August edged up to 3.1 per cent
from a year earlier due to sustained price increases in household
expenses despite lower fuel costs, data showed on Wednesday.
The NYT said the probe is focusing on US properties that were
purchased by shell companies belonging to Mr Najib's stepson and money
in the premier's personal bank account. A report days earlier from the
Wall Street Journal said the US Federal Bureau of Investigation began a
probe into alleged offshore money laundering by state investment company
1Malaysia Development Bhd. The ringgit is already Asia's
worst-performing currency in the past 12 months amid the political
scandal involving 1MDB and plunging commodity prices.
Odds of a Fed rate increase at this year's two remaining meetings
receded after Chair Janet Yellen noted China's slowing economy and
financial market turmoil when she left borrowing costs near zero. The
ringgit is already Asia's worst-performing currency in 2015 as falling
Brent crude prices weigh on the oil exporter's earnings.
MALAYSIAN shares ended higher on Thursday with the Kuala Lumpur Composite Index adding 34.39 points to close at 1,681.54.
| Malaysian Intraday Stock Picks | Malaysian Positional Stock Picks | |||||
| Duration | Actual Price | Discounted Price | Duration | Actual Price | Discounted Price | |
| Quarterly | 700 SGD | 629 SGD | Quarterly | 1200SGD | 999 SGD | |
| Halfyearly | 1300 SGD | 999 SGD | Halfyearly | 2000 SGD | 1699 SGD | |
| Yearly | 2300 SGD | 1799 SGD | Yearly | 3500 SGD | 2499 SGD | |
| Shariah Compliant Stock Picks | Forex Services | |||||
| Duration | Actual Price | Discounted Price | Duration | Actual Price | Discounted Price | |
| Quarterly | 700 SGD | 629 SGD | Quarterly | 600 USD | 549 USD | |
| Halfyearly | 1300 SGD | 999 SGD | Halfyearly | 1100 USD | 999 USD | |
| Yearly | 2300 SGD | 1799 SGD | Yearly | 2000 USD | 1799 USD | |
"The US economy showed its Achilles' heel in another subpar reading
of inflation, news that weighed on the dollar and dampened expectations
the Fed would raise rates next week," said Joe Manimbo of Western Union
Business Solutions.
The Malaysian currency also sank to a new 1998 low against the US
dollar. It was down 1.1 per cent to 4.3770 per US dollar as of 8:13 am
in Kuala Lumpur, the lowest level since January 1998, according to
prices from local banks compiled by Bloomberg."The drop in US equities,
the rate cut by the Reserve Bank of New Zealand and cutting Brazil's
rating to junk should push emerging markets down," said Masashi Murata,
vice president at Brown Brothers Harriman & Co. in Tokyo. "All Asian
currencies are likely to drop with risk-off trading."
The nation's foreign-exchange reserves have fallen 19 per cent this
year, fueling speculation the central bank bought the ringgit to stem
declines in Asia's worst-performing currency. Data for the last two
weeks of August are due after markets close on Friday, while a report on
exports due at noon is forecast to show growth slowed and the trade
surplus shrank. Malaysia's benchmark stock index dropped this week and
is down more than nine per cent in 2015, with a US interest-rate
increase likely to spur more outflows.
MALAYSIA share prices opened flat on Friday with the FTSE Bursa
Malaysia Kuala Lumpur Composite Index down 0.7 points to 1,602.05.
The FTSE Bursa Malaysia KLCI Index of stocks dropped more than one
per cent Wednesday, raising concern more foreign investors will exit
after dumping about US$3 billion in shares this year. Brent crude
tumbled 8.5 per cent Tuesday in its biggest one-day slide since 2011
before data forecast to show US stockpiles increased. The price of the
commodity has halved in the past year, cutting Malaysia's export
earnings and contributing to a 24 per cent slump in the ringgit. A
report on Tuesday showed China's official factory gauge fell to a
three-year low last month.
The currency appreciated 0.7 per cent to 4.1645 a dollar in Kuala
Lumpur, extending its recovery from a 17-year low of 4.2990 reached on
Aug. 26, according to prices from local banks compiled by Bloomberg. It
rose as much as 1.2 per cent earlier to 4.1430. The 10-year government
bond yield dropped 17 basis points to 4.23 per cent, the biggest decline
since 2013, Bursa Malaysia prices show.
MALAYSIAN shares ended lower on Tuesday with the Kuala Lumpur Composite Index slipping 3.53 points to close at 1,609.21.