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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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Hewlett Packard Set for Unconditional EU Nod for US$14B Juniper Deal

Hewlett Packard Enterprise (HPE) is poised to receive unconditional European Union (EU) antitrust approval for its US$14 billion (RM64.90 billion) acquisition of networking gear maker Juniper Networks, according to sources familiar with the matter.



Key Takeaways:

  • Acquisition Details: HPE announced the US$14 billion deal in January, highlighting the drive by companies to enhance and develop new products amid a significant increase in AI-driven services.

  • Regulatory Approval: The European Commission, which is set to decide on the deal by Aug 1, has not commented. HPE and Juniper have also not responded to requests for comment.

  • Antitrust Considerations: HPE is expected to emphasize the market power of Juniper's rival Cisco to address any potential EU competition concerns.

  • Additional Assessments: The deal is also under review by Britain's antitrust authority, with a decision expected by Aug 14.

This approval will mark a significant step for HPE in strengthening its position in the networking gear market, potentially leading to more innovations and enhanced product offerings in the AI and networking sectors.

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