KLSE Stock News-Bursa Malaysia Index And Other Composite Fell -14.11 Point In Morning Trade

Kuala Lumpur: Bursa Malaysia share prices opens lower on early Wednesday. The FBM KLCI slipped to 1689.68 somewhere else in the locale. Asian stocks fell on Wednesday, weighed by fall in Wall Street, and Crude oil fall on the global equities market. 

  Index  Last  Change  % Change
 NIKKEI 225 Index  21,534  -48.9  -0.23%
 NIKKEI 300 Index  323.93  -2.11  -0.65%
 Hang Seng Index  25,811  -29.41  -0.11%
 FTSE Straits Times Index  3,039  12.39  0.41%
 ASX All Ordinaries Index  5,731  -28.5  -0.49%
 S&P/ASX Midcap 50 Index  6,201  -104.1  -1.65%
 S&P/ASX 100 Index  4,656  -11.8  -0.25%

The worst performer included Nestle (M) Bhd, Allianz Malaysia Bhd, Heineken Malaysia Bhd, British American Tobacco (M) Bhd, Time dotCom Bhd, Hong Leong Financial Group Bhd, Malaysian Pacific Industries Bhd and Petron Malaysia Refining and Marketing Bhd.

The best performer included Malaysia-recorded Hang Seng Index-connected put warrants.  

Actively traded stocks were Sumatec Resources Bhd, Hibiscus Petroleum Bhd, Permaju Industries Bhd, Orion IXL Bhd, and My EG Services Bhd.

Stock To Watch

KLSE Stock Gainers

 Stock  Last  Change
 CRESBLD  1.09  0.14
 SHANG  5.73  0.12
 BJMEDIA  0.275  0.105
 BKAWAN  16.8  0.1
 PANAMY  38.42  0.1

KLSE Stock Loser   

 Stock  Last  Change
 NESTLE  146.70  -1.1
 MPI  11.92  -0.32
 BAT  37.98  -0.3
 HLIND  10.32  -0.28
 PETDAG  26.88  -0.28

The stock which remains in focus after news Dagang Nexchange Bhd Public bank

Dagang Nexchange Bhd: Dagang Nexchange Bhd shares fell 5.41% in exchange today after it posted a 55.4% fall in a net benefit for the second from last quarter finished Sept 30, 2018, to RM6.65 million from RM14.91 million every year back

Petronas Dagangan: Crude oil fall brings the stock to RM27

Petronas Gas fall sharply to RM18.64

World Market

The S&P 500 hit a three-week low on Tuesday, as frail profit from retailers including Target and Kohl’s and additionally a fall in vitality shares added to stresses for Wall Street, which is as yet reeling from a selloff in innovation stocks.

Target Corp shares dropped 10.28 percent after the retailer’s second from last quarter benefit missed investigators’ assessments as interests in its online business, higher wages and value cuts harmed edges.

Retail chain administrator Kohl’s Corp shed 9.42 percent after its entire year benefit gauge fell beneath desires.

Apple Inc shares fell 3.80 percent in the midst of worries about moderating interest for iPhones. The stock, which has driven the market through quite a bit of its bull run, is at its most reduced dimension since early May.

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 Index  Last  Change
 Dow Jones  24,466  -551.8
 NASDAQ  6,909  -119.65
 S&P 500 Index  2,642  -48.84

 

Currency Market

Forex Signals: In currency, market Ringgit lose its strength against US Dollar at the beginning of today as the more grounded greenback controlling interest for the greenback currency.

The ringgit trading at 4.1950 versus the US dollar from 4.1870 recorded.

Commodity Market

Gold prices trade higher as investors search for safe-haven assets as equity markets continue to fall due to growing concerns surrounding the global economy. December gold futures last traded at $1,229 an ounce up 0.30% on the day.

Daily Gold trading Range: $1215-$1229

Malaysian Markets Closed On Tuesday 20 NOV 18 For Public Holiday

Kuala Lumpur: Bursa Malaysia market closed on early Tuesday due to the public holiday but  Asian market declined extensively in an early exchange, with Hong Kong’s share record falling more than 1 percent after US shares dove on Monday on sharp tech misfortunes and exchange war concerns.

Hong Kong’s Hang Seng Index fell 1.1 percent in early going, to exchange at 26,086.21. The Hang Seng China Enterprises Index, known as the H-shares record, was likewise off 1.1 percent at 10,519.33. The Shanghai Composite Index likewise opened lower and dropped 0.6 percent in early exchanging to 2,685.92. The Shenzhen Component Index and the start-up board list ChiNext moved down 0.9 percent and 0.8 percent separately to 8,035.00 and 1,382.89.

Somewhere else in the locale, Japan’s Nikkei 225 fell 0.8 percent, South Korea’s Kospi lost 0.7 percent, and Taiwan’s Taiex shed 0.4 percent. Australia’s S&P/ASX 200 exchanged 0.8 percent lower.

Stock On Move

KLSE Stock Gainers

 Stock  Last  Change
 MYEG  1.15  0.02
 HSI-C3X  0.62  0.03
 OCK  0.47  0.06
 H4O  0.41  -0.045
 PERMAJU  0.385  0.035

KLSE Stock Loser

 Stock  Last  Change
 HSI-H4K  1.48  -0.47
 AIRPORT  7.98  -0.18
 CARLSBG  19.36  -0.24
 SI-H4U  1.49  -0.15
 SHANG  5.61  -0.19

The stock which remains in focus after news Halcyon Agri, SATS and Wilmar Capital Land.

PETRONAS: Malaysian state oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for November at $5.00 per barrel, up $0.65 from the previous month, the company said on Monday

Apex Healthcare: Climbing 13 sen to RM8.66, CMSB, and KL Kepong 12 sen each to RM3.40 and RM24.98.

BAT fell the most, down 22 sen to RM38.08, APM 10 sen to RM3.10, MAHB nine sen to RM8.07 and Tenaga Nasional eight sen to RM14.82.

World Market
 
Medium-term in the US, every one of the three noteworthy files fell forcefully, as large innovation plays sank and stresses became over an intensifying exchange war after US and Chinese authorities neglected to make progress on exchange issues at a territorial summit throughout the end of the week.

The Dow Jones Industrial Average shut down 1.6 percent, the S&P 500 record finished 1.7 percent lower and Nasdaq tumbled 3 percent.

Offers of Apple lost about 4 percent after reports said the cell phone producer has cut generation orders for its new iPhone models. Among other driving innovation organizations, Amazon fell 5 percent and Facebook dropped 5.7 percent.

Index Last Change
Nasdaq 100 6,642.92 -3.26%
Dow 30 25,017.44 -1.56%
SmallCap 2000 1,496.72 -2.12%
S&P 500 VIX 20.1 10.80%
FTSE 100 7,000.89 -0.19%
DAX 11,244.54 -0.85%

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Currency Market
 
Forex Signals: In currency market MYR gain against US Dollar pointing to 0.2387 and trading in range 0.2365-0.2399

Commodity Market
 
Gold prices held steady early on Tuesday as the dollar was pressured by weak U.S. economic data and cautious comments about the global economy from Federal Reserve officials. Spot Gold trading at $1,222.71 per ounce

Daily Gold Trading Range: $1218-$1225

KLCI Starts New Week On A Firm Note, Share Price Open Higher On Monday And Turns Back 0.4% At Mid-Day Morning Session

Kuala Lumpur: Bursa Malaysia share prices opened higher on early Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index was up 5.64 points to 1,712.02 at 9.01 am.

The trading volume was 33.18 million lots worth RM15.28 million. There were 173 gainers, 134 losers and 174 counters unchanged.

When the mid-morning session comes the FBM KLCI fell 6.31 points or 0.37% at 1,700.07 due to Telekom Malaysia retreats.

Stock To Watch

Among the KLSE stock gainers, Petronas Dagangan rose the most, up 60 sen to RM27.50. Kossan rose 20 sen to RM4.50. Among the semicon-related stocks, MPI rose 26 sen to R

M12.30 and KESM 16 sen to RM10.92. Apex Healthcare continued to attract some interest, climbing 13 sen to RM8.66, CMSB and KL Kepong 12 sen each to RM3.40 and RM24.98.

The KLSE loser stock list shows, BAT fell the most, down 22 sen to RM38.08, APM 10 sen to RM3.10, MAHB nine sen to RM8.07 and Tenaga Nasional eight sen to RM14.82.

At mid-morning on Bursa, Ajinomoto was the top loser, falling 50 sen to RM20. Malaysia Airport Holdings eased 17 sen to RM7.99 and Carlsberg closed 14 sen lower at RM19.64.

The KLSE active stock list shows, Petronas Chemicals gained 18 sen to RM9.58 in active trade. TATT GIAP Bhd change to 4.26% to open at 0.240.

Global Market

Asian shares closed higher with Japan’s Nikkei Stock Average rose 0.54%, South Korea’s Kospi gained 0.04% while the Hang Seng Index advanced 0.41% and the CSI300 index added 0.5%.

Forex Market

The ringgit was slightly higher against the US dollar early Monday. It traded lower against other major currencies.

Ringgit dipped against the Singapore dollar from 3.0428/0462 to 3.0465/0513 on Friday’s closing and depreciated against the euro from 4.7506/7568  to 4.7751/7812. The ringgit slid against the British pound from 5.3603/3671 to 5.3719/3787 and declined against the Japanese yen to 3.7137/7188 from 3.6946/6991.

Commodity Market

The latest US interest rate increase and the price of oil rallying to its highest level since 2014. Brent crude was recorded at US$67.19 per barrel.

KLSE Stock News- Bursa Malaysia Stock Share Open Higher On Friday

Kuala Lumpur: Bursa Malaysia share prices opened higher on early Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index was up 12.00 points to 1,706.21 at 9 am.

The trading volume was 31.28 million lots worth RM23.2 million. There were 224 gainers, 72 losers and 178 counters unchanged.

Stock To Watch

Among the KLSE stocks gainers, Maxis rose 13 sen to RM5.53, the biggest gains in recent weeks. HLFG added 20 sen to RM19.20. Nestle extended its gains, up RM1.50 to RM145.90 and F&N 30 sen to RM33.30. Apex Healthcare gained 18 sen to RM8.28.

The KLSE loser stock list, Batu Kawan fell the most, down 28 sen to RM16.28, Suiwah was down eight sen to RM2.11, Aeon Credit six sen to RM15.74 while Latitude Tree lost five sen to RM4.05. Tune Protect lost 4.5 sen to 68.5 sen.

On the KLSE active stock front, the most active stock is Premaju Industries Bhd change 1.25% to open at 0.400 and Maybank rose six sen to RM9.44, Tenaga Nasional added 10 sen to RM14.92 and Public Bank gained 12 sen to RM24.62. Sime Darby added five sen to RM2.41, Axiata rose four sen to RM3.50 and Genting advanced 11 sen to RM6.93.

Global Market

Asia-Pacific shares outside Japan was ahead 0.26% in early trade, while Japan’s Nikkei added 0.2%. The Hang Seng index change 0.16% to open at 26144.31.

Forex Market

The ringgit was quoted at 4.1925 against the US dollar at midday.

Commodity Market

Oil prices rose on Friday among expectations of supply cuts from OPEC, although record U.S. production dragged. WTI crude oil futures were at US$56.90 per barrel, up 44 while Brent crude oil futures were up 56 cents at US$67.18 per barrel.

 

KLSE Stock News- Bursa Malaysia Stock Open Slightly Higher On Thursday.

Kuala Lumpur: Bursa Malaysia share prices opened slightly higher early on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index was up 0.27 of a point or 0.02% to 1,688.68. Turnover was 266.86 million shares valued at RM132.76mil. There were 229 gainers, 150 losers and 175 counters unchanged.

This slight up in on the index is due to mild rebound in Dialog Group but Scientex and Daibochi diverged after their corporate exercise.

Stock To Watch

Among the KLSE gainer stock, Scientex rose 20 sen to RM8.87 after it bought a 42.4% stake in Daibochi for RM222.5mil through a share swap at 5.5 Daibochi shares for one Scientex share. Dialog rose eight sen to RM3.22, rebound from the previous day’s selling. UMW rose 13 sen to RM4.86, Hartalega nine sen to RM6.14 and Air Asia eight sen to RM2.93.

Refiners Hengyuan and Petron also climbed, with Hengyuan up eight sen to RM5.62 and Petron six sen to RM7.07.

On the KLSE stock loser front, BAT fell 68 sen to RM37.30, MPI 40 sen to RM11.58 while KESM was down 10 sen to RM10.56. Batu Kawan lost 36 sen to RM16.50, Public Bank 18 sen to RM24.34 and Top Glove 10 sen to RM5.60.

The KLSE active stock list shows, the most active stock is Tiger Synergy Bhd change -5.26% to 0.095. Hibiscus Petroleum Bhd changes 3.96% to 1.020 and Suremetric fell 3.5 sen to 45.5 sen with 20.5 million shares done as traders booked profit following its stellar debut.

Global Market

Asian markets were mostly higher led by China and Hong Kong but Japan and South Korea fell. The Hang Seng index open up at 1.17% which is 299.690 while Japan Nikkei change 0.25% to -42.860.

Forex Market

The ringgit was higher against the US dollar early Thursday. At the local front, the ringgit stood at 4.1930/1970 versus the US dollar from 4.1945/1975 at close Wednesday.

Ringgit traded lower against other major currencies. It fell against the Singapore dollar from 3.0349/0377 to 3.0437/0477 and declined against the Japanese yen from 3.6826/6859  to 3.6900/6949. It also weakened against the British pound from 5.4386/4433 to 5.4463/4519 and was lower against the euro at 4.7465/7514 from 4.7264/7314.

Commodity Market

Crude oil prices fell despite Opec’s move to reduce supplies. US light crude oil fell 26 cents to US$55.99 and Brent was down 23 cents to US$65.89.

 

KLSE Stock News- Bursa Malaysia Stock Open Lower On Wednesday, Shares Stumbles On Oil Price Hike

Kuala Lumpur: Bursa Malaysia share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.88 points to 1,685.69 at 9 am. The trading volume was 28.61 million lots worth RM13.08 million. There were 154 gainers, 241 losers and 181 counters unchanged.

Stock To Watch

Among the KLSE loser stock, United Plantations was the top loser, shedding 28 sen to RM26.60. BAT lost 24 sen to RM36.76 and Carlsberg 22 sen to RM19.18. Public Bank fell 12 sen to RM24.52 and Tenaga lost eight sen to RM14.70. 

The oil stock fell with Petronas Gas down 30 sen to RM18.44, Petronas Chemical 10 sen to RM9.44 and Dialog eight sen to RM3.19.

The KLSE stock gainer data shows Air Asia jumped 16 sen to RM2.83, Nestle rose 90 sen to RM144.50.  Hap Seng added nine sen to RM9.91 and PMB Tech eight sen to RM3.78. Hong Leong Financial Group added 30 sen to RM19

The KLSE active stock list, Securemetric Bhd debuted down 8.41% to 0.540 and Hibiscus Petroleum Bhd change to -8.18% to open at 1.050.

Global Market

The investors worry about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply.  Japan Nikkei 225 was down 0.15% to 21,778.41, China’s Shanghai Composite lost 0.06% to 2,653.24, Hang Seng shed 0.28% to 25,721.69.

Forex Market

The ringgit cover up the Tuesday’s losses to be higher against the US dollar on early Wednesday due to profit-taking against the greenback.

Ringgit traded lower against other major currencies. It fell against the Singapore dollar from 3.0285/0333 to 3.0381/0405 and declined against the Japanese yen from 3.6733/6781 to 3.6762/6795. It also weakened against the British pound from 5.4022/4099 to 5.4470/4525 and was lower against the euro at 4.7344/7395 from 4.7097/7146.

Commodity Market

US crude futures dived 7% the previous day, suffering their biggest one-day loss in more than three years. WTI crude oil dropped 26 cents to US$55.43 per barrel while international benchmark Brent crude oil futures were down 17 cents at US$65.30 per barrel.

 

KLSE Stock News- Bursa Malaysia Stocks Shares Opens Lower On Tuesday

Kuala Lumpur: Bursa Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 11.24 points to 1,684.90 at 9.02am.The trading volume was 96.62 million lots worth RM42.22 million. There were 90 gainers, 465 losers and 188 counters unchanged.

Blue chips fell in early Tuesday trade. Asian shares crash after a flight in tech stocks put Wall Street to the sword while dropping seen in oil prices. Due to political risks in Europe pushed the dollar to 16-month highs as investors dumped riskier assets.

Stock To Watch

Among the KLSE loser Stock KESM and MPI fell 30 sen each to RM10.44 and RM12.10 while Vitrox lost 18 sen to RM7.52. IOI Corp lost 16 sen to RM4.33 after the weak first quarter results. The plantation group dropped 14 sen to RM4.35. IHH Healthcare shaved off seven sen to RM4.60, TNB fell eight sen to RM14.76, and Axiata slid five sen to RM3.47.

The KLSE stock gainers are, MISC advanced five sen to RM6.70, Nestle grew 10 sen to RM144 and Petronas Gas put on two sen to RM18.78.

Among the KLSE active stock, Securemetric, which debuted on the ACE Market and piled on the gains. The stock was 30.5 sen higher at 55.5 sen with 115.49 million shares traded. The other active counter were Sapura Energy, slipping 0.5 sen to 37.5 sen and Hibiscus dropping two sen to RM1.10.

Global Market

The Asia-Pacific shares outside Japan dropped 1.7% to a 1-1/2 week trough, with Australian shares sinking 1.6%. Japan’s Nikkei dived 3.1%. The Hang Seng index open down with 0.44% while STI index down 0.67%.

Forex Market

In currencies, the ringgit was 0.1% lower against the US dollar at 4.1925. It stood at 4.1940/1970 versus the greenback from 4.1860/1900 at the close yesterday.

Against other major currencies, the ringgit traded mostly lower, except against the euro, where it rose to 4.7090/7128  from 4.7113/7175 at the close yesterday.

It fell against the Singapore dollar from 3.0265/0299 to 3.0293/0319, declined against the Japanese yen 3.6739/6780  to 3.6903/6936 from, and was lower versus the British pound from 5.3765/3833 to 5.3926/3969.

Commodity Market

US light crude oil fell 82 cents to US$59.11 and WTI crude slid 78 cents to US$59.15 a barrel while Brent crude fell 70 cents to US$69.42 a barrel.

KLSE Stock News Bursa Malaysia Stocks Shares Opens Lower On Monday

Kuala Lumpur: Bursa Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.81 points to 1,704.28 at 9 am. The trading volume was 15.43 million lots worth RM39.83 million. There were 122 gainers, 135 losers and 177 counters unchanged.

Stock To Watch

The KLSE stock loser data shows, among the banking sectors Public Bank fell 20 sen to RM24.50 and LPI lost 30 sen to RM16.30. Petronas Chemical lost 13 sen to RM9.46 and Bursa nine sen to RM7.31. Padini was down 20 sen to RM5.52, Bursa and QL Resources nine sen lower at RM7.31 and RM7.26 while Globetronics and Westports fell seven sen each to RM2.21 and RM3.70.

Among the KLSE gainer stocks, MPI rose 42 sen to RM11.82, Dufu 35 sen to RM3.36. Nestle added 30 sen to RM144 and F&N 16 sen to RM34 while CMSB advanced 10 sen to RM3.14.

The KLSE active stock data shows Sapura Energy rose 1.5 sen to 39 sen with over 50 million shares done while Tatt Giap Group Bhd change to 11.90%.

Global Market

Asia-Pacific shares outside Japan was down 0.17%  in early trade. Australian shares were down 0.08%, while Japan’s Nikkei stock index eased 0.12%. Hang Seng index opened up 0.07% in early trade.

Forex Market

In the currency market, the ringgit was lower against the US dollar in the early session today, it stood at 4.1800/1850 versus the greenback from 4.1780/1810 recorded.

The ringgit traded higher against other major currencies. It was higher against the Singapore dollar at 3.0310/0357 from 3.0315/0341 on Friday and rose against the Japanese yen from 3.6685/6714 to 3.6680/6733.

The ringgit strengthened versus the British pound from 5.4343/4386 to 5.4093/4162 and appreciated the euro at 4.7343/7403 from 4.7362/7413.

Commodity Market

In the Oil market, Brent crude oil futures rose 93 cents to US$71.11 per barrel and US light crude oil added 54 cents to US$60.73.

 

KLSE Stock News- Bursa Malaysia Stocks Shares Opens Lower On Monday, Genting Malaysia Tumbled Most on Higher Taxes

Kuala Lumpur: Bursa Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 14.22 points or 0.83% to 1,699.65. Turnover was 361.90 million shares valued at RM507.28mil. There were 167 gainers, 233 losers and 180 counters unchanged.

Stock To Watch

Among the KLSE loser stock, Getting Bhd fell 71 sen RM6.49. MAHB fell 75 sen to RM7.50 on the proposed levy for passengers leaving the country. UMW lost 11 sen to RM4.60 and Maybank 10 sen to RM9.30.

The KLSE stocks gainer data shows, the bounce was seen in Consumer stocks led by Nestle, up RM1.60 to RM145.20, BAT RM1.12 to RM35.12, Heineken 56 sen to RM19.66 and Carlsberg 54 sen to RM18.94. Other top gainers on the KLCI included MISC rising 16 sen to RM6.86, TNB adding 10 sen to RM14.80 and Petronas Gas climbing 16 sen to RM18.60.

Petronas Dagangan rose 40 sen to RM26.40, Petronas Chemical 28 sen to RM9.76 and Petronas Gas 26 sen to RM18.70. As for plantations, KL Kepong rose 26 sen to RM25.10 and PPB Group 24 sen to RM16.84.

The KLSE active stock list, Genting collapse RM1.22 to  RM3.32, the sharpest fall in many years. It was the most active with 99.8 million shares done. and Seacera Group Bhd change to -0.015 which is 0.305

Global Market

In Asia Pacific market the Japan index slipped the most 0.2% in early trade. Japan’s Nikkei tumbled 1.3% while South Korea’s KOSPI index lost 0.8%. Australian shares were in the negative territory too, down 0.5%. Hang Seng index slide down to 2.39%.

Forex Market

In currencies, the ringgit opened slightly lower 0.3%  against the US dollar to 4.1705. today, Meanwhile, the ringgit was traded higher against other major currencies, It rose against the Singapore dollar from 3.0321/0362  to 3.0297/0336 on Friday and increased versus the Japanese yen from 3.6889/6940 to 3.6751/6805.

The domestic currency appreciated the British pound to 5.4076/4162 from 5.4196/4266 and strengthened against the euro to 4.7406/7467 from 4.7582/7643.

Commodity Market

Oil prices came under pressure on Monday in early trade. WTI crude dropped 45 cents to US$62.67 a barrel while Brent crude fell 42 cents to US$72.41 a barrel.

 

KLSE Stock News- Malaysia Stocks Shares Opens Higher On Friday

Kuala Lumpur: Bursa Malaysia share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.68 points to 1,709.60 at 9.01am. The trading volume was 48.81 million lots worth RM20.81 million. Advancers outpaced decliners 510 to 228 with 299 counters unchanged.

Stock On Move

The top KLSE gainer stock list data shows, KESM rising RM1.16 to RM12.20, Heineken lifting 44 sen to RM18.70 and Amway climbing 27 sen to RM6.95. Genting up eight sen to RM7.48, Maxis adding three sen to RM5.24 and Digi rising two sen to RM4.24.

Among the most active KLSE stock, Prestarigns rose a further 12.5 sen to 72 sen, Seacera jumped four sen to 33 sen and Datasonic grew three sen to 43 sen.

The Klse loser stock data shows, TNB lost four sen to RM14.52, Axiata dropped four sen to RM3.40 and MIC slid three sen to RM6.58.

Global Market

Global equities aimed higher on Friday on news that US President Donald Trump and China President Xi Jinping spoke through the phone in an effort to thaw worsening relations. Japan Nikkie open up at 2.50% and Hang Seng index open up at 3.50%.

Forex Market

The ringgit opened slightly higher against the greenback today, it ringgit rose 0.2% against the greenback to 4.1690 on optimism over the tabling of Budget 2019 later today.

The ringgit, meanwhile, traded lower against other major currencies. It dipped against the Singapore dollar from 3.0270/0318 to 3.0296/0329 on Thursday and depreciated against the euro from 4.7530/7595.

The ringgit slid against the British pound from 5.3908/3977 to 5.4203/4275 and declined against the Japanese yen to 3.6986/7031 from 3.6968/6015.

Commodity Market

In the Oil market, the world’s top three crude suppliers offset supply concerns over the start of US sanctions against Iran next week. WTI crude slid 24 cents to US$63.45 a barrel while Brent crude fell 23 cents US$72.66 a barrel.