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
Malaysian Prime Minister Datuk Seri Anwar Ibrahim expressed that China’s principle of a shared future has resonated strongly across Asia, Africa, Latin America, and the Global South, leading Malaysia to pursue participation in BRICS (Brazil, Russia, India, China, and South Africa). Speaking at the 7th China International Import Expo (CIIE), Anwar praised President Xi Jinping’s recent BRICS address in Kazan, which emphasized unity against discord and protectionism.
Anwar noted the importance of China's commitment to global peace and economic cooperation. “We must build a community with a shared future to uphold global peace, security, and share expertise and technologies globally,” he stated, referencing Xi’s vision. Recognizing Malaysia as the “Country of Honour” at this year’s CIIE, Anwar spoke after Chinese Premier Li Qiang, followed by other global leaders, commending China’s inclusive trade policies.
Highlights from Anwar’s Address:
China's Global Role: He acknowledged China’s success in balancing governance and economic policies, contrasting it with other global powers' approaches. Anwar celebrated China’s efforts to promote fair trade and avoid “unfair trading practices.”
CIIE’s Impact: Anwar lauded CIIE as a significant platform allowing businesses, especially SMEs, to showcase their capabilities. “This exhibition is a key opportunity for global companies to attract investments and build partnerships,” he said.
Asean Chairmanship Goals: As Malaysia prepares to lead Asean next year, Anwar outlined plans for inclusive regional cooperation. He highlighted Malaysia's goal to reciprocate China's “shared future” principle, noting plans for an expanded Asean-GCC plus China Summit in 2025.
Anwar concluded by underscoring Asean’s role in driving sustainable growth, emphasizing Malaysia’s commitment to governance, anti-corruption, and socio-economic reforms inspired by China’s achievements in poverty reduction.
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