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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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Boosting Ties: Malaysia and Kyrgyzstan Strengthen Bilateral Cooperation

Malaysia is set to enhance its cooperation with Kyrgyzstan, focusing on the halal industry, tourism, and educational development, according to Malaysian Ambassador Ilham Tuah Illias.

During an interview with Kabar news agency, Ambassador Ilham Tuah Illias outlined plans to further deepen bilateral ties between Malaysia and Kyrgyzstan. A key point of discussion was expanding trade cooperation and educational exchanges. The possibility of establishing a branch of the University of Malaya in Kyrgyzstan was considered, potentially offering Kyrgyz students opportunities to learn and improve their English language skills.

In the realm of tourism, Ambassador Ilham Tuah highlighted Malaysia’s interest in attracting more tourists from Kyrgyzstan. Given Kyrgyzstan’s landlocked status and Central Asian affinity for beaches, Malaysia could be an appealing destination. Additionally, plans are underway for Malaysia Airlines to introduce direct flights between the two countries, further facilitating travel and tourism.

Trade relations between Malaysia and Kyrgyzstan have also been fruitful, with the ambassador noting that bilateral trade reached US$35 billion (RM150.46 billion) last year. Efforts are now focused on promoting the halal certification system in Kyrgyzstan, enabling its products to be certified for distribution in ASEAN and global markets. A memorandum of understanding is expected to be signed soon to formalize this collaboration.

As the new ambassador, Ilham Tuah has identified priority areas for cooperation, including the development of halal standards, tourism, education, and pilgrimage services. He also emphasized Malaysia’s role in ASEAN, noting that during its chairmanship in 2025, the country will promote cultural, trade, and educational exchanges with Kyrgyzstan.

Reflecting on his experiences in Kyrgyzstan, Ilham Tuah expressed admiration for the country's culture, traditions, and natural beauty. He shared that Malaysian ministers accompanying Prime Minister Datuk Seri Anwar Ibrahim during a recent visit were equally impressed by Kyrgyzstan's cultural and tourism opportunities.

The ambassador concluded by wishing the Kyrgyz people prosperity and expressing hope that the growing cooperation between Malaysia and Kyrgyzstan will lead to the achievement of their shared goals.

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