The ringgit fell through the 3.9 support level against the US dollar on Thursday while the equities market skidded, with the FBM KLCI down more than 30 points.
It was a double whammy for investors as at 5pm, the ringgit had fallen to 3.9125 to the greenback.
The KLCI tumbled 30.92 points or 1.79% to 1,694.64. Turnover was 1.65 billion shares valued at RM2.02bil. The broader market weakened as decliners beat advancers 686 to 187 and 282 counters were unchanged.
Reuters said the ringgit was its weakest since Sept 2 1998, a day before the government pegged the ringgit at 3.8000. Malaysia lifted the peg in 2005.
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It was a double whammy for investors as at 5pm, the ringgit had fallen to 3.9125 to the greenback.
The KLCI tumbled 30.92 points or 1.79% to 1,694.64. Turnover was 1.65 billion shares valued at RM2.02bil. The broader market weakened as decliners beat advancers 686 to 187 and 282 counters were unchanged.
Reuters said the ringgit was its weakest since Sept 2 1998, a day before the government pegged the ringgit at 3.8000. Malaysia lifted the peg in 2005.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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