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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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Federal Government to Prioritize Inflation Stabilization in Budget 2025 — Fadillah

The federal government will prioritize several strategies to stabilize inflation and tackle rising living costs in Budget 2025, according to Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah, who also serves as the Minister of Energy Transition and Water Transformation, shared this during the Sabah, Sarawak, and Federal Territory of Labuan Price Stabilization Committee Meeting he chaired on Tuesday. He emphasized that the government’s efforts to stabilize the prices of goods and services align with the core principles of the Madani government to safeguard the well-being of the people.

"I welcome new initiatives, whether short, medium, or long-term, especially those that can directly contribute to the goal of stabilizing prices," Fadillah said. "This will benefit the people by helping them cope with the challenges of the cost of living, both now and in the future."

Fadillah also proposed including representatives from several related agencies in Sabah, Sarawak, and the Federal Territory of Labuan as members of the committee to ensure comprehensive discussions on price stabilization efforts. He stressed that a collaborative, whole-of-nation approach involving multiple stakeholders is necessary to achieve the committee’s objectives.

The meeting was attended by the Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali, Sarawak Deputy Premier Datuk Amar Haji Awang Tengah Ali Hasan, and Sabah Minister of Community Development and People’s Well-being Datuk James Ratib. This was the second committee meeting, following the first held on March 7 in Kuala Lumpur.

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