NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit rebounds against US dollar Posted: 08 Sep 2013 07:01 PM PDT The ringgit rebounded against the US dollar in early trading today after recent decline in tandem with the weakening of the greenback after the release of weaker-than-expected US employment data on Friday, currency dealers said. The ringgit was quoted against the US dollar at 3.3130/3155 from 3.3270/3300 on Friday. The local currency was traded higher against the Singapore dollar at 2.5986/6022 from 2.6008/6036 on Friday and rose against the yen to 3.3236/3271 from 3.3377/3414 last week. The ringgit was also higher against the British pound to 5.1792/1838 from 5.1808/1868 on Friday and strengthened against the euro to 4.3636/3682 from 4.3680/3730 last week.-- Bernama |
| KL bourse rises in early trade Posted: 08 Sep 2013 07:11 PM PDT Malaysia's benchmark stock index rose in early trade, taking cues from mildly upbeat Chinese trade data that underscored signs of stability in the world's second-biggest economy and one of the country's largest export destinations. The index, led by gains in hospital operator IHH Healthcare Bhd and Malaysia's second largest bank CIMB Group Holdings Bhd, rose 0.41 per cent to 1,730.98 points at 9.09am in Kuala Lumpur. It outperformed MSCI's broadest index of Asia Pacific shares outside Japan that rose 0.26 per cent while it underperformed Tokyo's Nikkei share average that climbed 2.16 per cent. Shares of IHH rose 1.46 per cent while CIMB climbed 0.83 per cent.
"On the chart, the benchmark index will probably oscillate around its intermediate support line of 1,720," it added. HwangDBS also said investors will watch Kimlun Corporation Bhd after it said it won construction contracts valued at RM323 million in Johor. Kimlun's shares were up 1.65 per cent to RM1.85 per share at 9.10am.-- Reuters |
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