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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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Targeted RON95 Subsidy Mechanism Still Being Refined


The Ministry of Finance (MOF) is still refining the mechanism for the targeted RON95 fuel subsidy, which is expected to be implemented by mid-2025. According to Muhammad Kamil Abd Munim, the Political Secretary to the Finance Minister, the MOF is actively engaging with stakeholders to ensure that the subsidy program is implemented smoothly without causing confusion or anxiety among the public.

During an appearance on Bernama TV’s Ruang Bicara program, Muhammad Kamil emphasized the importance of carefully examining the details of the subsidy to protect the welfare of deserving groups, ensuring they continue to receive the financial support they need.

The proposed targeted subsidy was announced by Prime Minister Datuk Seri Anwar Ibrahim in the 2025 Budget, with the aim of saving up to RM8 billion, as 40% of the RON95 subsidy currently benefits foreigners and wealthy individuals. The government remains committed to maintaining subsidies for the majority of Malaysians, similar to the approach taken with the targeted electricity subsidy.

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