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MARKET PULSE PM DEC 17, 2024 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves.

Bursa Malaysia extended its losses, retreating below the key 1,600 psychological level, as Press Metal Aluminium led heavyweights in the industrial products and services sector's fall.

This was further compounded by weakened global market sentiment ahead of the US Federal Open Market Committee meeting tomorrow.

Meanwhile, the ringgit fell against the greenback today to 4.4650.

In the crypto market, Bitcoin rose to RM477,757 on sustained optimism regarding the potential for a strategic Bitcoin reserve under incoming US President Donald Trump.

That's it for Market Pulse.

 

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