KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia closed lower on Thursday as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.97 points, or 0.36 per cent, to 1,677.64 from Wednesday's close of 1,683.61. The benchmark index opened 2.62 points lower at 1,680.99, and moved between 1,676.18 and 1,683.80 throughout the session. However, market breadth was slightly positive, with gainers leading losers 533 to 504, while 547 counters were unchanged, 1,112 untraded, and 12 suspended. Turnover slipped to 2.64 billion units valued at RM2.19 billion from 2.96 billion units valued at RM2.18 billion on Wednesday.
Malaysia's international reserves dipped slightly to US$118.1 billion as of Dec 13, 2024, down from US$118.3 billion two weeks earlier, according to a statement by Bank Negara Malaysia (BNM) on Friday.
Key Highlights
Reserves Position
- The reserves are sufficient to:
- Finance 4.6 months of imports of goods and services.
- Cover 0.9 times the country’s short-term external debt.
Breakdown of Reserves
- Foreign Currency Reserves:
- Declined slightly to US$105.1 billion (Nov 29: US$105.4 billion).
- Special Drawing Rights (SDRs):
- Increased to US$6 billion (Nov 29: US$5.9 billion).
- International Monetary Fund (IMF) Reserves Position:
- Remained unchanged at US$1.3 billion.
- Gold:
- Steady at US$3.3 billion.
- Other Reserve Assets:
- Unchanged at US$2.4 billion.
BNM’s Total Assets and Currency in Circulation
- Total Assets:
- Rose to RM597.36 billion (Nov 29: RM595.77 billion).
- Currency in Circulation:
- Stood at RM167.59 billion.
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