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MARKET PULSE PM AUGUST 28, 2024 [WATCH]

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

Bursa Malaysia's benchmark FBM KLCI ended higher today with strong buying interests in tandem with the solid regional performances.

The widening gap between the index and the exponential moving average indicates a solid uptrend, with resistance at one thousand six hundred eighty and the potential to test one thousand seven hundred.

The ringgit continues to strengthen against the greenback at 4.3420.

In the cryptocurrency market, Bitcoin is on the rise, reaching RM259,070, as attention turns to the potential impact of the expected rate cuts in September.

Meanwhile, Ethereum is gradually gaining momentum at RM10,785, with Solana trading at RM636.

That's it for Market Pulse.

 

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