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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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The Edge publication continues

Yesterday, the Kuala Lumpur High Court today dismissed the Home Ministry's application to stop The Edge Weekly and The Edge Financial Daily from resuming publication, pending the outcome of its appeal. 

The Edge publication can resume pending outcome from appeal

Among other things, Asmabi had said that Zahid was himself "in doubt" on whether The Edge had published its articles by relying on allegedly unverified information on online news portals, especially Sarawak Report.

In the legal challenge filed by The Edge, the home minister and the Home Ministry’s secretary-general are named as respondents.

A hearing date has yet to be fixed at the Court of Appeal for the government's appeal against the September 21 ruling, Loke said.

She also disagreed that the High Court's decision today would render the government's appeal academic.

"It is not academic because we are still going to argue that the decision of minister is right. If we are successful in that, of course the Court of Appeal would dismiss the damages assessment as well," she said.

She said no date has been fixed for the assessment of damages to be awarded to The Edge for its September court victory, adding that the publisher's lawyers did not object to the government's application for stay of that matter.
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