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MARKET PULSE AM AUG 13, 2024 [WATCH]

KUALA LUMPUR: News on the latest moves on the stock and crypto markets.

Edible oil distributor Sik Cheong jumped as high as 87 per cent on its debut on the ACE Market today, in a market which saw losers lead gainers in early trade.

The key 30-stock index opened lower, reflecting Wall Street's mixed performance as investors stayed on the sidelines ahead of the release of US inflation data.

The FBM KLCI will likely hover around 1,600 to 1,615 range.

In the cryptocurrency market, Bitcoin was trading sideways at RM267,960. 

Ethereum continued to inch upwards to RM12,175.

Solana was finding it hard to gain traction after losing 7 per cent of its value, trading at RM656 earlier.

That's it for Market Pulse.

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