Tuesday 12 July 2016

Bursa only market in the red midday, ringgit weakens

Bursa Malaysia was the only market in the red at midday on Tuesday among the key Asian bourses as latest industrial showed slower growth while the ringgit weakened against the key currenices.

At 12.30pm, the FBM KLCI was down 4.94 points or 0.3% to 1,648.93. Turnover was 697.36 million shares valued at RM559.13mil. There were 229 gainers, 357 losers and 369 counters unchanged.

The ringgit weakened against the US dollar to 4.0020 from 3.9938 on Monday. It fell 1.73% against the pound sterling to 5.2229 from 5.1342 and it was at 2.9626 to the Singapore dollar from 2.9616.

On the external front, the pound rose for a third day as Britain moved closer to getting a new prime minister, Bloomberg reported.

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