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MARKET PULSE PM AUG 13, 2024 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves.

Bursa Malaysia's FBM KLCI closed above the 1,600 mark as the index was lifted by buying interest in telco and media heavyweights.

The Federal Reserve contributed to the positive sentiment, as lower interest rates in the US could lead to increased capital flows into emerging markets like Malaysia.

Bitcoin gradually lost momentum to trade at RM263,500

Ethereum also experienced a downward trend, settling at RM11,798.

Solana followed a similar trend, being traded at  RM646.

The ringgit, meanwhile, strengthened against the greenback today at 4.4460.

That's it for Market Pulse.

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