RINGGIT
THE ringgit closed higher against the US dollar on indications of a recovery in the global economy with a big jump in American consumer confidence, dealers said yesterday."The announcement by Bank Negara yesterday on retaining the overnight policy rate at two per cent, further helped boost interest in the local currency," a dealer said.
The dealers said investors would also pay close attention to the first quarter gross domestic product announcement yesterday.
The ringgit rose against the US dollar at 3.5020/5060 from 3.5100/5150 on Tuesday.It strengthened against the Singapore dollar at 2.4152/4198 from 2.4175/4232 on Tuesday and rose against the yen at 3.6716/6774 from 3.6973/7045 on Tuesday.
The ringgit was lower against the British pound at 5.6025/6103 from 5.5484/5574 on Tuesday and easier against the euro at 4.8912/8972 from 4.8760/8840 on Tuesday.
INTERBANK RATES
SHORT-TERM rates closed steady yesterday as Bank Negara Malaysia continued to intervene in the money market to absorb surplus funds, dealers said.
As a result the overnight, one-week, two-week and three-week rates remained at 1.92, 1.94, 1.96 and 1.98 per cent respectively. The liquidity surplus in the conventional system dropped to RM19.74 billion from the RM29.28 billion estimated earlier.
For Islamic funds, the total liquidity surplus declined to RM4.30 billion from an earlier estimate of RM5.29 billion. The central bank conducted a late conventional tender for RM19.7 billion of one-day money and an Al-Wadiah tender for RM4.3 billion of one-day money.
KLIBOR
THE three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures on Bursa Malaysia Derivatives Bhd yesterday, closed mixed. June 2009 declined one tick to 97.90, September 2009 was flat at 97.87 and June 2013 rose five ticks to 95.02.
Turnover was higher at 5,200 lots from 30 lots on Tuesday while open interests remained the same as Tuesday's level of 40,980 contracts.The underlying three-month KLIBOR stood at 2.12 per cent. Meanwhile, the five-year Malaysian Government Securities futures were untraded. - Bernama
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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