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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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Thailand's Pension Fund to Invest $11.6 Billion Globally in Strategic Overhaul

Thailand's Social Security Fund (SSF), worth $77 billion, plans to invest $11.6 billion in global private assets as part of a significant strategic overhaul aimed at improving its historically low returns. The fund, which supports healthcare, unemployment benefits, and pensions for 25 million workers, has struggled with average returns of less than 3% over the past decade, far below its potential.


Petch Vergara, a member of the SSF’s investment board and a former Goldman Sachs executive, emphasized that the fund's reliance on low-risk domestic investments is unsustainable. If the current strategy continues, the fund risks bankruptcy by 2051.

The move comes as Thailand’s population continues to age rapidly, with one-fifth of its 66 million people now over 60. The SSF’s new board, composed of elected members for the first time, approved an investment framework that will reduce the weighting of low-risk assets from 70% to 60% and increase higher-risk investments from 30% to 40% by 2027.

Of the higher-risk investments, 15% will be allocated to global private assets such as private equity, credit, and hedge funds. The fund aims to generate higher long-term returns and improve the fund’s sustainability in light of Thailand’s growing elderly population and rising pension demands.

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