Malaysia: Shares end lower
Malaysian shares closed lower on Monday, with the Kuala Lumpur Composite Index losing 14.81 points to 1,629.09.
Some 1.83 billion lots, valued at RM1.57 billion, were traded. Losers outnumbered gainers 521 to 352.
Monday, December 21, 2015
Friday, December 11, 2015
Malaysia: Shares end lower
Malaysian shares closed lower on Friday, with the Kuala Lumpur Composite Index losing 8.51 points to 1,640.14.
Some 1.61 billion lots, valued at RM1.88 billion, were traded. Losers outnumbered gainers 477 to 306.
Thursday, December 10, 2015
Ringgit ends firmer versus greenback
KUALA LUMPUR: The ringgit ended on a firmer note versus the US dollar today, bolstered by commercial demand, dealers said.
At 5 pm, the local note was quoted at 4.2560/2640 against the greenback from 4.2700/2750 on Wednesday.
A dealer said despite oil prices falling for the fourth day in a row
today, the ringgit was well supported from a continued buying interest
and exporters' demand.
"However, concerns over the sustained global supply glut will keep
the currencies of oil-producing nations under pressure," he said.
Another dealer said the ringgit might be trading in a tight range of
4.23 to 4.27 until early next week, with more reactions could be
expected after the US Federal Open Market Committee meeting scheduled
for Dec 15 and 16.
Tuesday, December 8, 2015
Oil plunges to 7-year low
SINGAPORE: Oil prices hovered near their lowest in almost seven years
in Asia Tuesday ahead of the release of US crude inventories and
expectations of an increase in US interest rates.
The decision by the OPEC oil producers grouping last week to maintain
its lofty production levels continues to weigh on a market already
awash with supplies as traders fix their sights on other developments
that could influence prices.
US benchmark West Texas Intermediate (WTI) for January delivery was
up 16 cents at US$37.81 and Brent crude for January was trading 26 cents
higher at US$40.99 at around 0240 GMT.
WTI fell 5.8 percent to US$37.65 in New York and Brent tumbled 5.3
percent to US$40.73 in London on Wednesday, their lowest levels since
February 2009.
Analysts said Tuesday's slight rebound reflected some bargain-hunting
ahead of the release on Wednesday of US commercial crude stockpiles,
which will help gauge demand in the world's top oil consumer.
A Bloomberg News survey estimated inventories probably rose for an 11th week, indicating softer demand.
Traders are also closely watching a meeting of the US central bank's
Federal Open Market Committee (FOMC) next week amid expectations members
will announce the first interest rate hike in over nine years.
Monday, December 7, 2015
Ringgit at 4.20 against USD
KUALA
LUMPUR: The ringgit opened broadly higher against the US dollar and
other major currencies today on renewed demand for the domestic
currency, a dealer said.
At 9.20am, the local unit firmed up against the US dollar to 4.2050/2090 from Friday's 4.2215/2265.
The local currency rose against the Singapore dollar to 3.0074/0107
from 3.0197/0254 on Friday and strengthened against the yen to
3.4126/4161 from 3.4369/4421.
The ringgit unit was also traded higher against the British pound at
6.3508/3573 from 6.3762/3858, and gained against the euro to 4.5687/5743
from 4.5879/4951 Friday.--BERNAMA
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