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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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European Stocks and US Futures Rebound as Dollar Weakens

 
European shares and US stock futures rallied on Thursday, bouncing back from a recent sell-off. The dollar slipped, with the euro, yen, and pound gaining strength.

Europe’s STOXX 600 rose 0.57%, following three days of declines. Britain’s FTSE 100 climbed 0.78%, and Germany’s DAX increased by 0.65%. In the US, Nasdaq futures were up 0.73%, fueled by a 12% jump in Tesla shares after the company reported strong third-quarter profits and forecasted 20-30% growth in sales for next year. S&P 500 futures rose 0.41% after a 0.9% drop in the previous session.

The rebound was supported by positive corporate earnings from Renault, Unilever, and Hermes in Europe. However, in Asia, Tokyo’s Nikkei gained only 0.1%, while Hong Kong’s Hang Seng and China’s blue-chip index fell by over 1%.

The dollar index fell 0.23%, with the euro, pound, and yen rising. The euro was last up 0.14% at $1.0797, helped by a slightly better-than-expected German PMI reading. The pound climbed 0.31% to $1.2963, driven by a rise in British government bond yields. The yen strengthened by 0.5% to 152 after recent declines.

In bond markets, US 10-year Treasury yields dropped five basis points to 4.196%, retreating from a three-month high.

In commodities, Brent crude futures rose 1.61% to $76.17 a barrel, recovering some losses after a rise in US crude stocks.

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