Highlights-

Posted by Trading Advisor on 8:07 PM with No comments
  • The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher Friday, extending yesterday’s gains, as the European Central Bank (ECB) revealed its stimulus expansion plan
  • which included buying 1.1 trillion euros worth of bonds, the key index stood at 1,798.78, up 17.03 points, after opening 10.72 points better at 1,792.47.
  • Overnight rally in the oil price has led to a stronger ringgit versus the US dollar today. It was quoted at 3.6000/6030 against the greenback compared with 3.6140/6170 yesterday.
  • The FTSE Bursa Malaysia KLCI futures (FKLI) contract on Bursa Malaysia Derivatives opened higher in tandem with the better cash market.
  • Gold futures contract on Bursa Malaysia Derivatives opened higher today with one contract month traded, dealers said. At 9.30 am, January 2015 gained 22 ticks to RM150.10.
  • Asian equity markets rallied Friday after the European Central Bank announced a huge cash injection to kickstart the eurozone economy, while crude prices surged on news that the monarch of oil kingpin Saudi Arabia had died.
  • The euro edged higher Friday but remained under pressure after sinking to its lowest level in more than a decade after the European Central Bank launch a vast bond-buying programme aimed at kickstarting the eurozone economy.