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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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Visa and Coinbase Partner to Enable Real-Time Crypto Purchases via Debit Cards

Visa Inc. has teamed up with Coinbase Global Inc. to allow customers with eligible Visa debit cards to make real-time deposits into their Coinbase accounts, marking a significant development in the crypto space. This partnership enables instant fund transfers for users in the US and the European Union, allowing customers to take advantage of 24/7 trading opportunities, according to a statement released on Tuesday.

Eligible Visa debit card holders can now use their cards to purchase cryptocurrencies on Coinbase and cash out directly to their bank accounts, providing greater flexibility for crypto traders. The collaboration between Visa, which already powers the Coinbase debit card, and Coinbase aims to streamline the connection between traditional payment systems and the digital-asset sector.

The crypto industry has historically faced difficulties in integrating with traditional banking due to concerns over market volatility and industry scandals. However, as crypto regulations become more defined globally, including potential clarifications in the US under the next administration, the sector may see a reduction in these challenges.

Coinbase's latest quarterly results, set to be announced on Wednesday, are expected to show the impact of increased competition on its trading volumes, a key metric for Wall Street analysts.

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