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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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Princeton Digital Group Expands Across Asia to Meet AI Demand

Singapore-based data centre operator Princeton Digital Group (PDG) has acquired land in India, Malaysia, and Indonesia as part of its ambitious plans to boost capacity by nearly 50%, driven by the growing demand for artificial intelligence (AI) services. The expansion, which is part of a US$5 billion investment over the next 12 to 18 months, aims to increase PDG's capacity by 500 megawatts, according to CEO Rangu Salgame.

In Malaysia, the company is focusing on Johor, strategically located near the Singapore border, while also expanding in Jakarta, Mumbai, and Chennai—high-demand hotspots for cloud and AI services. PDG already caters to global technology companies in these markets, which are rapidly growing their footprint in Asia.

PDG is also exploring a US$1 billion private fundraising round, Bloomberg reported earlier this week. The company plans to double its data centre capacity within three years and expand its workforce, adding over 300 employees in markets such as Japan, Malaysia, Singapore, and India by 2025.

Salgame emphasized the transformative impact of AI on the data centre industry, noting that the surge in demand, which initially began in North America, is now expanding across Asia. “By securing access and a roadmap to full power in these locations, we are positioned to meet the Pan-Asia customer demand for scalable, AI-ready data centre capacity,” he said.

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