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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 Conducts South China Sea Exercises as US and Allies Hold Joint Drills

 China is conducting military exercises in the South China Sea on the same day that the US and its allies, including Australia, Japan, New Zealand, and the Philippines, are undertaking joint drills in the region. The People’s Liberation Army Southern Theater Command announced the exercises on WeChat, stating that naval and air forces would participate in reconnaissance, early warning drills, and sea and air patrols near Huangyan Island, also known as Scarborough Shoal, which is claimed by both China and the Philippines.


The joint exercises by the US and its allies are taking place in the Philippines' exclusive economic zone in the South China Sea. Tensions between Beijing and Manila have been escalating due to competing sovereignty claims. In 2016, a UN tribunal rejected China’s claims over large areas of the South China Sea in favor of the Philippines, a ruling that Beijing does not recognize.

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