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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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BlackRock Now Substantial Shareholder of SGX

 

BlackRock has become a substantial shareholder of Singapore Exchange (SGX) after purchasing 18,800 shares from the market. The shares were bought on July 26 for S$182,042.28, or S$9.68 per share.

Following this acquisition, BlackRock’s stake in SGX has increased to 5% from the previous 4.99%. Shareholders who cross the 5% stake threshold are required to disclose their interest on SGX.

Shares in SGX closed five cents, or 0.51%, lower at S$9.67 on Tuesday.

Key Takeaways:

  • BlackRock has increased its stake in SGX to 5% after buying 18,800 shares.
  • The purchase was made on July 26 at S$9.68 per share.
  • BlackRock’s increased stake requires disclosure as it crosses the 5% threshold.
  • SGX shares closed at S$9.67, down 0.51% on Tuesday.
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