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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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US Goods Trade Deficit Widens in September Amid Import Surge

The US goods trade deficit widened sharply in September, growing by 14.9% to reach US$108.2 billion (RM472.9 billion), according to the Commerce Department's Bureau of Economic Analysis. The increase was driven by a surge in imports, while exports declined, highlighting continued pressure on economic growth.

This marks the third consecutive quarter where trade has negatively impacted gross domestic product (GDP). The widening trade gap suggests that the US trade balance remains a drag on the economy.

The government's advance GDP estimate for the July-September quarter is set to be released on Wednesday, with economists predicting a 3.0% annualized growth rate, matching the pace seen in the second quarter.

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