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MARKET PULSE PM AUG 16, 2024 [WATCH]

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

Bursa Malaysia continued its rally, ending the session at a high, as the stronger-than-expected Malaysian GDP growth for the second quarter of 2024 boosted market sentiment.

The FBM KLCI is anticipated to trade within the 1,610 to 1,632 range over the next week.

The ringgit closed higher against the greenback today to 4.4300.

In the crypto market, Bitcoin is gradually recovering to RM260,427, with Ethereum following a similar trend, rising to RM11,664 after both experienced a 4 per cent drop overnight. 

However, Solana is moving in the opposite direction, declining to RM641.

That's it for Market Pulse.

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