104931526
commented on
$USD/MYR (USDMYR.FX)$
The trend of the ringgit is unstoppable. Today, it surged more than 1.7%, breaking the 4.50 mark, and surged 3.6% throughout the week!
As of 5 p.m., the exchange rate of the ringgit was reported at RM4.4908 to the US dollar, up 1.72% in a single day. This is another key hurdle for the ringgit within 3 days after breaking through the 4.60 key level this Wednesday (July 31).
Looking at the week as a whole, the ringgit exchange rate surged 3.59%, making it the best performing emerging market currency this week.
China's economic growth prospects are optimistic. Coupled with the continued inflow of foreign capital, the ringgit has continued to rise for 10 days. This is the longest continuous rise record in 14 years.
Bloomberg reports that after three years of decline, the ringgit exchange rate performed better than other Asian currencies this year. In particular, the government introduced policies to promote foreign investment and cut subsidies to reduce budget deficits.
Supported by these policies, Malaysian stocks have once again attracted the interest of global funds. These funds have bought $0.112 billion (approximately RM0.508 billion) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating, and the improvement in export conditions has supported economic growth. At the same time, the Bureau of Statistics previously predicted an economic growth rate of 5.8% for the next quarter, which also surpassed market forecasts.
According to a report by the Malaysian News Agency, the second finance minister, Dato' Sri Amir Hancha, believes that the forecast for China's economic growth of 4% to 5% this year is achievable, and will even reach a higher level, and the ringgit trend will advance...
The trend of the ringgit is unstoppable. Today, it surged more than 1.7%, breaking the 4.50 mark, and surged 3.6% throughout the week!
As of 5 p.m., the exchange rate of the ringgit was reported at RM4.4908 to the US dollar, up 1.72% in a single day. This is another key hurdle for the ringgit within 3 days after breaking through the 4.60 key level this Wednesday (July 31).
Looking at the week as a whole, the ringgit exchange rate surged 3.59%, making it the best performing emerging market currency this week.
China's economic growth prospects are optimistic. Coupled with the continued inflow of foreign capital, the ringgit has continued to rise for 10 days. This is the longest continuous rise record in 14 years.
Bloomberg reports that after three years of decline, the ringgit exchange rate performed better than other Asian currencies this year. In particular, the government introduced policies to promote foreign investment and cut subsidies to reduce budget deficits.
Supported by these policies, Malaysian stocks have once again attracted the interest of global funds. These funds have bought $0.112 billion (approximately RM0.508 billion) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating, and the improvement in export conditions has supported economic growth. At the same time, the Bureau of Statistics previously predicted an economic growth rate of 5.8% for the next quarter, which also surpassed market forecasts.
According to a report by the Malaysian News Agency, the second finance minister, Dato' Sri Amir Hancha, believes that the forecast for China's economic growth of 4% to 5% this year is achievable, and will even reach a higher level, and the ringgit trend will advance...
Translated
![The best emerging currency of the week for ringgit to break through the 4.50 mark](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240802/1722604009576-1e55b69657.jpeg/thumb?area=104&is_public=true)
![The best emerging currency of the week for ringgit to break through the 4.50 mark](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240802/1722604452305-25647c5fb3.jpeg/thumb?area=104&is_public=true)
![The best emerging currency of the week for ringgit to break through the 4.50 mark](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240802/1722604031959-84881fce2e.jpeg/thumb?area=104&is_public=true)
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104931526
commented on
$VITROX (0097.BMS)$
semicond not doing good ... vitrox expect to continue drop...sad for my pruchse at 4.xx
semicond not doing good ... vitrox expect to continue drop...sad for my pruchse at 4.xx
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104931526
liked
$VITROX (0097.BMS)$ it exactly like what i mentioned. none of the institutions sold thier shares despite analysts gave negative reviews
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$VITROX (0097.BMS)$ none of th big buyers (institutions) diposed their portion after few negative news out.
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104931526
voted
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(The vote will close ...
Rewards
● An equal share of 10,000 points:
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![NVIDIA Q1 FY25 Earnings: Grab rewards by guessing the opening price!](https://ussnsimg.moomoo.com/sns_client_feed/77777008/20240520/1716192146949-fb6a505d27.png/thumb?area=100&is_public=true)
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104931526
voted
Every company's financials tell a unique story, revealing important information about its revenue, assets, liabilities, and cash flow.
By analyzing this data, investors can gain valuable insights into a company's performance and make informed decisions about where to put th...
![Moomoo's Feature Challenge 6: Visualised Financial Data at your fingertips](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240416/75953af5b72a4cef9b222e483448d704.png/thumb?area=104&is_public=true)
![Moomoo's Feature Challenge 6: Visualised Financial Data at your fingertips](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240416/db59052e272945d386e53c98d5fa1ef9.png/thumb?area=104&is_public=true)
![Moomoo's Feature Challenge 6: Visualised Financial Data at your fingertips](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240416/ecdb4da2db694e7ab6c699b83a5bcf8f.png/thumb?area=104&is_public=true)
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104931526 : Opportunity to grab more with lower price