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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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UK Targets 2027 for Faster 'T+1' Trading, With or Without EU Coordination

The UK is preparing to adopt the faster T+1 trading regime—a one-day settlement cycle—by the final quarter of 2027, following in the footsteps of the US, according to Andrew Douglas, chair of the government-appointed team advising on the transition. This shift aims to streamline trading processes and reduce risks, but it may take place ahead of the European Union (EU), potentially complicating cross-border financial operations.

A new report lays out two scenarios: one where both the UK and EU switch to T+1 simultaneously, and another where the UK moves independently. While officials in Brussels have hinted at a similar timeline, with a potential shift by the end of 2027, EU markets are more fragmented, making coordination challenging.

Failure to align could increase trading frictions and operational costs due to mismatched processes across the two regions. Industry groups, including the Association for Financial Markets in Europe, have urged both regions to harmonize their transitions.

The move to T+1 will require upgrading technology, adjusting operational processes, and potentially increasing staffing. The US, Canada, and Mexico successfully implemented T+1 earlier this year, providing a model for smooth execution.

If the transitions don’t align, the report suggests keeping certain instruments, like ETFs and Eurobonds, on a slower settlement cycle initially.

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