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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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Nvidia's CEO Jensen Huang: Nuclear Power a Key Solution for Growing Data Centre Demands

Nvidia Corp's CEO, Jensen Huang, who pioneered the technology behind the rise in artificial intelligence (AI) computing, highlighted nuclear power as a viable solution to support the increasing energy needs of data centers. In an interview with Bloomberg Television on Friday, Huang remarked, “Nuclear is wonderful as one of the sources of sustainable energy. It won’t be the only one. We are going to need energy from all sources and balance the availability, cost, and sustainability over time.”


As global tech giants invest heavily in AI infrastructure, the demand for electricity has surged, making it challenging to find locations with sufficient power to build new data centers. This is leading to strategic decisions on the placement of these “AI factories”, with some data centers operating below capacity or being built far from urban areas.

Despite Nvidia’s latest-generation chips consuming over a kilowatt of power, Huang argued that they are more efficient because they accelerate AI training and operations, reducing the need for multiple older components.

On a separate note, Huang addressed the challenges Nvidia faces with US government restrictions on exports to China. He emphasized that the company is committed to complying with policies while continuing to serve its customers in China, who rely heavily on Nvidia's technology. "We will do our best to support them," Huang stated.

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