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MARKET PULSE PM AUG 15, 2024 [WATCH]

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

Short selling of SP Setia was suspended today after a sharp drop in its share price.

Bursa Malaysia closed slightly above the 1,600 mark, as profit-takings were seen in property stocks following their recent rally.

Major regional indices tracked overnight gains on Wall Street.

The FBM KLCI is expected to trend within the range of 1,610 to 1,620 towards the weekend.

The ringgit, meanwhile, fell against the greenback today to 4.4290.

On the crypto market, Bitcoin fell to RM260,240 following the US government's US$591 million Silk Road Bitcoin transfer.

Ethereum fell to RM11,692, and Solana was lower at RM635.

That's it for Market Pulse.

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