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
As Indian equities continue to rise, investors are closely watching SEBI's upcoming board meeting, where the market regulator is expected to introduce stricter rules for retail investors trading in futures and options (F&O). This move comes after a recent study revealed that nine out of ten traders lost money in the derivatives market, often due to competition with high-speed trading firms. If implemented, these measures could reshape the equity derivatives landscape, impacting stock exchanges, brokers, and traders.
$109 Billion Boost to Power Transmission
India has announced a $109 billion (9.2 trillion rupees) plan to enhance its transmission infrastructure by 2032, targeting a 33% increase in network capacity and doubling substation capacity. This massive investment will also include pumped storage projects for grid stabilization. Companies like ABB India, Siemens Ltd, GE T&D, Voltamp, Apar, KEC, and Kalpataru are expected to benefit significantly from this initiative.
Rate Cuts to Squeeze Bank Margins
Despite a strong rally in the banking sector, analysts at Emkay Institutional Equities warn that net interest margins (NIMs) for Indian banks may come under pressure soon. With the Federal Reserve's potential rate cut, the Reserve Bank of India could follow suit, forcing banks to reduce their lending rates, thereby squeezing margins by the fiscal fourth quarter.
Indian Markets May Face Competition from China's Rebound
Although Indian stocks have hit record highs, there’s a growing argument that they may underperform compared to Chinese equities. China’s stimulus measures led to the MSCI China index surging over 16% last week, marking its biggest outperformance over Indian stocks since 2007.
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