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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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Disney Initiates New Round of Corporate Job Cuts Amid Profitability Push

Walt Disney Co has announced another round of corporate-level job cuts as part of ongoing efforts to improve profitability. In a statement on Wednesday, Disney said it had been reviewing its cost structure and identified ways for certain corporate functions to operate more efficiently.


This latest round of layoffs reportedly affects about 300 employees in departments such as legal, human resources, finance, and communications, according to Deadline. However, divisions like ESPN and theme parks were not impacted in this wave.

Disney began cost-cutting measures last year, which included eliminating 8,000 positions. Like other media giants such as Paramount Global and Warner Bros Discovery Inc, Disney has been grappling with the shift away from traditional TV toward the growing popularity of streaming services.o

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