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Market Daily Report: Profit-taking Drags Bursa Malaysia To End Lower

KUALA LUMPUR, April 15 (Bernama) -- Bursa Malaysia erased early gains to end slightly lower on Wednesday, as profit-taking emerged in selected heavyweight counters mainly in financial services and utilities sectors. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.70 points, or 0.28 per cent, to 1,683.42 from Tuesday’s close of 1,688.12. The benchmark index opened 3.30 points higher at 1,691.42 and moved between 1,680.46 and 1,695.68 throughout the day.   However, in the broader market, gainers outpaced losers 615 to 455, while 566 counters were unchanged, 1,057 untraded and 13 suspended. Turnover increased to 3.33 billion units worth RM3.02 billion from Tuesday’s 2.85 billion units worth RM2.67 billion.
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Singapore Market Wrap: Sembcorp Leads Gains as REITs and Banks Drive Activity

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Malaysia Market Wrap: Axiata Leads Gains Despite KLCI Dip, Mid-Caps Outperform

Malaysia equities ended mixed on April 15, with the benchmark index slipping slightly while  mid-cap and small-cap stocks outperformed , reflecting selective buying amid cautious sentiment. KLCI Edges Lower, Broader Market Shows Strength The  FBM KLCI  closed  0.28% lower at 1,683.42 , dragged by weakness in selected heavyweights. However, broader indices were more resilient: FBM 70 : +0.73% FBM Small Cap : +0.72% FBM Emas Index : +0.02% This divergence suggests  investors are rotating into mid- and small-cap opportunities . Telco and Infrastructure Stocks Lead Gains Among KLCI constituents, gains were led by: Axiata Group +3.72%  (top gainer) Sunway +1.53% Gamuda   +1.47% Telekom Malaysia   +1.44% Maxis +1.41% The performance points to  continued interest in telco and infrastructure-linked plays , which are seen as relatively defensive. Energy and Utilities Weigh on Index On the downside: Petronas Chemicals   -4.58%  (top loser) MI...