arh777
07-24-2005, 06:30 AM
Unpeg ringgit influences the stock markets uptrend
ECO-MALAYSIA-RINGGIT
Unpeg ringgit influences the stock markets uptrend
KUALA LUMPUR, July 24 (KUNA) -- The Malaysian stock market reacted positively after Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi dismantled the pegged ringgit thus sending the Composite Index (CI) 1.93 percent higher or 17.75 points up, which is the highest for the last six months.
The unpeg ringgit under the managed float system was traded at RM (Ringgit Malaysia) 3.795 for one US dollar which is not far from the pegged RM (Ringgit Malaysia) 3.8. It was later closed at RM 3.78 for one US dollar.
http://www.kuna.net.kw/Home/Story.aspx?Language=en&DSNO=754539
ECO-MALAYSIA-RINGGIT
Unpeg ringgit influences the stock markets uptrend
KUALA LUMPUR, July 24 (KUNA) -- The Malaysian stock market reacted positively after Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi dismantled the pegged ringgit thus sending the Composite Index (CI) 1.93 percent higher or 17.75 points up, which is the highest for the last six months.
The unpeg ringgit under the managed float system was traded at RM (Ringgit Malaysia) 3.795 for one US dollar which is not far from the pegged RM (Ringgit Malaysia) 3.8. It was later closed at RM 3.78 for one US dollar.
http://www.kuna.net.kw/Home/Story.aspx?Language=en&DSNO=754539