The Malaysian stock market closed at 1,858.26 points on Wednesday, up 0.54% from its previous close.
Despite anticipated uncertainties when the market re-opened on Monday after the nation’s 14th General Elections, encouraging signs emerged early and prevailed, with strong support from both local and foreign buyers which saw the market remaining stable throughout the first half of the week.
The ringgit closed lower today against the US dollar as the greenback strengthened across emerging markets in Asia, said a dealer.
At 6pm, the ringgit was quoted at 3.9540/9580 against the US dollar from Monday's close of 3.9480/9530.
Bursa Malaysia failed to sustain the buying momentum seen most of the day and closed lower on last-minute selling.
At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went down 2.22 points to 1,848.2 from Monday's close of 1,850.42.