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MARKET PULSE AM AUG 16, 2024 [WATCH]

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

Pestech International was among the actively traded stocks today after a plan for IJM Corporation to take a stake in the company was terminated.

Pestech's share price fell as much as 14 per cent on heavy selling pressure. 

The 30-stock key index opened higher, tracking Wall Street's overnight surge, as fears of a recession receded with better-than-expected US economic data.

FBM KLCI is expected to trend within the 1,610 and 1,620 range today.

In the cryptocurrency market, Bitcoin tumbled more than 4 per cent with recent outflows from Bitcoin ETFs. 

It was trading at RM256,251.

Ethereum was down almost 4 per cent to about RM11,459, while Solana traded at RM631.

That's it for Market Pulse.

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