Tag: Finance

Bursa Malaysia broke its losing streak on Wednesday, with the FBM KLCI index gaining 3.08 points to close at 1,491.35. The Malaysian ringgit weakened to 4.5028 against the US dollar, marking its lowest level since 1998. Trading volume reached 2.36 billion shares valued at RM1.62 billion.

Maybank Investment Bank has been added as a user and supplier under Bursa Malaysia's Islamic Securities Selling and Buying — Negotiated Transaction (ISSBNT) framework, enabling Shariah-compliant securities trading while supporting risk management for market participants.

Asian stock markets show mixed performance ahead of crucial US employment data. Investors are closely watching August job figures that could influence Federal Reserve's monetary policy and interest rate strategy amid high inflation concerns. Shanghai and Seoul saw gains, while Tokyo and Hong Kong experienced declines.