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MARKET PULSE PM OCT 23, 2024 [WATCH]

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

Bursa Malaysia ended the day in negative territory as select plantation heavyweights dampened sentiment, influenced by higher minimum wage and multi-tier system for foreign worker levies.

The FBM KLCI finished at 1,641.53.

The ringgit weakened against the US dollar, with risk appetite remaining subdued as traders confront the possibility that the Federal Reserve may not be as quick to lower rates as many had anticipated.

The ringgit closed at 4.3470.

The cryptocurrency market is experiencing a downturn, with Bitcoin dropping to RM288,244.

Ethereum is following the downward trend, falling to RM11,195, while Solana eases to RM716.

That's it for Market Pulse.

 

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