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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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Johor Finalises Local Transport Network to Boost RTS Integration

The Johor state government is finalising a local transport network designed to complement the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link, said Johor Menteri Besar Datuk Onn Hafiz Ghazi during the Invest Malaysia conference on Thursday. This network will connect key landing points in Johor Bahru to various developments within the Johor-Singapore Special Economic Zone.

In addition to the RTS Link, the state is moving forward with several major infrastructure projects, including expansions to the Senai-Desaru Expressway and North-South Expressway, to support Johor's growing economy. Johor's economy grew 4.1% in 2023, outpacing the national average of 3.6%, according to Onn Hafiz.

The RTS Link, expected to be operational by 2026, is set to enhance cross-border connectivity between Johor and Singapore, reducing travel time and promoting economic integration. Onn Hafiz also mentioned progress on soft connectivity measures, such as a passport-free QR code clearance system and digitalised cargo clearance processes at land checkpoints, aimed at streamlining cross-border movements and improving efficiency for businesses.

These developments are part of the broader Maju Johor 2030 initiative, which aims to position Johor as a leading regional economic hub by enhancing governance, economic development, and connectivity.

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