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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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Selangor Targets 60,000 Affordable Rumah Idaman Units by 2027, Says MB Amirudin

The Selangor government plans to build 60,000 affordable housing units under the Rumah Idaman initiative by 2027, according to Menteri Besar Datuk Seri Amirudin Shari. He stated that the construction momentum is progressing well, with 40,000 units currently awaiting planning and building permissions, and 10,000 units already under construction.

Amirudin shared these updates during the Rumah Idaman, Putra Idaman, and Saujana Idaman groundbreaking ceremony. The Rumah Idaman initiative is designed to meet the increasing demand for affordable homes, particularly for Malaysians in the bottom 40% (B40) and middle 40% (M40) income groups, catering primarily to first-home buyers and small families.

The Putra Idaman project, a collaboration between Oriental Interest Bhd (OIB) and Permodalan Negeri Selangor Bhd (PNSB), will feature 502 semi-furnished units across two apartment blocks, each priced at RM250,000. Completion is expected in 2028, with units designed to be spacious and include air conditioning as part of the package.

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