(Reuters) - Meta Platforms CEO Mark Zuckerberg is known for his passion, including for ancient Rome, and on Wednesday he wore a shirt that played on his own ambitions as his company launched what he described as the best glasses in the world.
PETALING JAYA: The broader equity market appears not to have fully reflected the recent positive momentum of the ringgit. This suggests there is room for further gains in the FBM KLCI.
While there was an initial move to RM4.32 as at Aug 30, 2024, ringgit gains have resumed with the exchange rate falling to RM4.15 against the greenback as of Tuesday, a 13% rise from the year’s low. CGSI Research noted that the main sectors earning US dollar revenues are petrochemicals, technology and gloves, while sectors with imported costs include consumer staples and discretionary, importers such as media, building materials and auto companies, and upstream plantations., would be impacted when profits of overseas operations are translated back to ringgit, but the loss will be mitigated by gains in those local currencies as well,” the brokerage pointed out.
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