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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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Indonesia Formally Seeks to Join CPTPP to Boost Export Markets

Indonesia has officially requested to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as part of its efforts to expand export markets and reform its economy, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.


The formal request was submitted to New Zealand, the CPTPP's depositary, marking a strategic move to enhance market access and attract more investment. "This is a decision we take to structurally reform our economy and open up market access for Indonesia's economy," Airlangga stated.

Indonesia had previously announced its intention to join the trade agreement, which currently includes 12 member countries such as Australia, Japan, Canada, and the UK. The move has received backing from President-elect Prabowo Subianto, who will assume office on October 20, succeeding President Joko Widodo.

By joining the CPTPP, Indonesia hopes to integrate more deeply into global trade networks, taking advantage of a trade pact that spans some of the world's most significant economies.

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