Malaysia News Update Today : 7th Oct 2015

• Bursa Malaysia opened lower today on profit-taking activities and in tandem with the downtrend among regional peers.
  The FTSE Bursa Malaysia Kuala Lumpur key index was down 3.49 points to 1,659.02, after opening 3.86 points lower at 1,658.65.
   
• The ringgit opened firmer against the US dollar in early trade Wednesday, supported by continued buying momentum amid weak sentiment for the greenback.
   

• Crude oil surged 5 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Fed will not raise interest rates this year, though Wall Street fell on slumping biotech stocks.
   
• Malayan Banking Bhd (Maybank) remains confident of Indonesia’s long term economic outlook due to its strong fundamentals buoyed by stable fiscal and macro-economic policies.
   
• AirAsia was in focus on Wednesday on news that the founders were sounding out investors to take the company private in a management-led buyout while oil and gas stocks climbed following the overnight jump in crude oil prices.