Ringgit, stocks rise after announcement

KUALA LUMPUR: The ringgit and stock market reacted positively yesterday to Prime Minister Datuk Seri Najib Razak’s 2016 Budget adjustment, where he maintained the nation’s fiscal deficit target and announced measures to support the economy. Stocks on Bursa Malaysia also reacted positively, with the benchmark FTSE Bursa Malaysia KLCI rebounding from a lower opening to close 2.99 points, or 0.18 per cent, higher at 1,634.53 from Wednesday’s 1,631.54 points. MIDF Amanah Investment