KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
Croatia's Prime Minister Andrej Plenkovic stated that Russian President Vladimir Putin has become an unwitting catalyst for European Union expansion, following his 2022 invasion of Ukraine. According to Plenkovic, the invasion has pushed more countries toward joining the EU, prompting a "strategic shift" in European capitals, making them more open to enlargement.
“The past two and a half years have shown that Putin is the biggest promoter of enlargement,” Plenkovic said in an interview with Bloomberg TV. The EU has since opened membership negotiations with both Ukraine and Moldova, and is moving forward with talks for Bosnia-Herzegovina to counter growing Russian influence.
Plenkovic, a staunch supporter of Ukraine, plans to host a summit in Dubrovnik in early October with Ukrainian President Volodymyr Zelenskiy and leaders from Southeast Europe, aiming to show solidarity with Ukraine in its fight for freedom and territorial integrity.
Plenkovic also commented on tensions between Kosovo and Serbia, emphasizing that their path to the EU depends on continuing EU-facilitated dialogue, with crucial involvement from the US.
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