corporate

MARKET PULSE PM AUG 20, 2024 [WATCH]

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

The 30-stock key index ended the day in negative territory, dragged by profit-taking activities in utilities, energy, and tech stocks.

In the medium term, the outlook for the benchmark index continues to be positive as it remains above the 200-day moving average. 

The weekly target for the FBM KLCI is expected to be between 1,630 and 1,660.

The ringgit stayed near 18-month highs, trading at 4.3730.

In the crypto market, Bitcoin rose to RM267,954, as most cryptocurrencies trended higher.

Ethereum was trading higher at RM11,700, and Solana was up at RM644.

That's it for Market Pulse.

Most Popular
Related Article
Says Stories