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MARKET PULSE AM DEC 19, 2024 [WATCH]

KUALA LUMPUR: News on the latest moves on the stock and crypto markets.

YTL-related stocks and warrants were among the most active after the MACC cleared YTL Communications of any wrongdoing related to the 1BestariNet project.

YTL and YTL Power ranked third and fourth on the table.

Meanwhile, the 30-stock key index was in negative territory tracking global markets, as investors reacted to cues that US interest rates will be higher for longer.

This is despite the US Federal Reserve announcing a 25 basis points cut for December.

In the crypto market, Bitcoin fell to RM454,027 after Fed Chair Jerome Powell negated Donald Trump's plans for a Bitcoin reserve.

Ethereum was trading lower at RM16,449, and Solana was down to RM931.

That's it for Market Pulse.

 

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