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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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Thai Exports Miss Forecast in September, Expected to Rise in 4Q2024

 

Thailand’s exports grew for the third consecutive month in September, but the increase was smaller than expected, according to data released on Monday. The country's commerce ministry projects that exports will continue to rise in the final quarter of 2024 (4Q2024).

The ministry aims for 2% export growth this year, with the total export value expected to hit a record US$290 billion (RM1.26 trillion), according to Poonpong Naiyanapakorn, head of the ministry’s trade policy and strategy office.

In September, exports rose 1.1% year-on-year, falling short of the 2.85% increase forecasted in a Reuters poll. Imports, on the other hand, surged by 9.9% from a year earlier, higher than the expected 6.0% rise.

This led to a trade surplus of US$0.39 billion in September, significantly lower than the forecasted US$1.54 billion surplus.

For the first nine months of 2024, exports increased by 3.9% compared to the same period in 2023, while imports grew by 5.5%, resulting in a trade deficit of around US$6 billion.

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