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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’s CATL Reports Minimal Impact from Battery Plant Fire, No Casualties

Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest battery maker and a key supplier to Tesla, reported that a fire at its battery factory in Ningde, Fujian province on Sunday had a "relatively small" impact on production, with no casualties reported. The company stated that the volume of products affected by the fire was limited, and the incident is currently under investigation.


The factory is part of CATL’s core production base, known as the "Z base", which is located near its headquarters and features some of the company’s most advanced production lines. The fire was extinguished by 10:20 pm, according to local reports.

This follows a deadly fire in June at Aricell, a South Korean lithium battery maker, which resulted in 23 deaths due to rushed production without addressing quality issues. CATL emphasized that despite the incident, the impact on its overall production and operations remains minimal.

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