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MARKET PULSE AM AUG 12, 2024 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves

The key thirty-stock index breached the one thousand six hundred mark on Monday, reaching a high of one thousand six hundred and nine points within thirty minutes of trade.

Positive news flow from Infineon and its additional thirty billion ringgit investments in Kulim and better-than-expected second-quarter gross domestic product numbers are likely to support buying in the market.

The FBM KLCI will likely hover around one thousand five hundred and ninety-five to one thousand six hundred and ten range.

In the cryptocurrency market, Bitcoin, Ethereum and Solana were all on a downtrend, with Bitcoin trading at two hundred sixty-one thousand sixty-eight ringgit, and Ethereum down to eleven thousand three hundred fifty-seven ringgit.

Meanwhile, Solana was down to six hundred and thirty-eight ringgit.

That's it for Market Pulse.

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