KUALA LUMPUR: It was a disappointing start to the new week for both the ringgit and Bursa Malaysia.
The local note began the day trading at 4.6160/4.6205 to the US dollar, down marginally from 4.6130/4.6165 at last Friday’s close. Ongoing cautious sentiments surrounding the global economy have been cited for the decline.
The local stock market had an even worse start.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) began the day at 1,383.89 points, a 4.72-point drop from last Friday’s close of 1,388.61.
Just seven minutes later, it fell another 2.95 points for a total 7.67-point retreat to settle at 1,380.94 points as traders wait for clues from China and the US on the market direction.