KUALA LUMPUR: The ongoing political volatility with Prime Minister Tan Sri Muhyiddin Yassin expected to tender his resignation on Monday pushed the local stock market deeper into the red. Reuters reported the ringgit fell about 0.1% to 4.2410 against the US dollar, the lowest since July 2020. Rakuten Trade said this political volatility may create more uncertainties in the market over the immediate term as it reckons sellers to emerge. Khind rose 11 sen to RM3.08, Perstima 10 sen to Rm3.93, LPI eight sen to RM14 and Westports five sen to RM4.15. AVI was the most active, surging7.5 sen to 26.5 sen while DNeX lost 3.5 sen to 75 sen.

Source: The Star August 16, 2021 01:43 UTC