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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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China Bond Mania Smashes Records, Setting Up Showdown with PBOC

 

China's bond rally has hit record highs, leading to speculation about the People's Bank of China's (PBOC) next move.

Government debt yields have fallen to unprecedented lows, with the 10-year yield at 2.15%. This has been driven by investors seeking safety amidst declining stocks, property prices, and low deposit rates.

The PBOC is caught between reducing borrowing costs to stimulate the economy and preventing market instability. Though it hinted at selling bonds to cool the market, it recently opted for interest-rate cuts.

Investors remain divided. Some expect the PBOC to act if the rally goes too far, while others believe bond demand will continue due to strong fundamentals.

Upcoming political meetings and manufacturing data may provide further guidance on Beijing’s policy direction.

Key Takeaways:

  • China’s bond rally pushes the 10-year yield to a historic low of 2.15%.
  • Investors seek safe assets amidst market declines.
  • PBOC balances economic stimulation with market stability.
  • Interest-rate cuts have been favored over selling bonds.
  • Further policy insights expected from upcoming events.
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