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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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Malaysia Leads Southeast Asia's IPO Market in Listings, Funds Raised, and Market Cap

Key Takeaway: Malaysia’s IPO market outperformed Southeast Asia in 2024, achieving the highest listings, funds raised, and market capitalisation.

Malaysia has cemented its position as the regional IPO leader, with 46 listings as of Nov 15, surpassing last year’s 32 and exceeding Bursa Malaysia’s target of 42 listings. This marks the highest number of IPOs since 2006.

Key Highlights:

  1. Record-Breaking Fundraising:

    • Total funds raised reached US$1.5 billion (RM6.7 billion), the highest since 2017.
    • Market capitalisation hit US$6.6 billion (RM30 billion), doubling 2023’s figure and the highest since 2013.

  2. ACE Market Dominates:

    • The ACE Market recorded 34 listings, the highest since its inception in 2009.
    • Sectors leading the listings include:
      • Industrial products (17)
      • Consumer (16)
      • Technology, media, and communications (4)
      • Energy and resources (4)
      • Life sciences and healthcare

  3. Investor Confidence:

    • IPOs saw oversubscription rates exceeding 200 times, driven by foreign investor participation and high valuations.
    • Deloitte Malaysia partner Wong Kar Choon stated Malaysia could become a preferred listing destination for regional companies.

Promising Pipeline:

  • Bursa Malaysia targets 50 IPOs in 2025, with 30 already in the pipeline, supported by ongoing interest from companies and investors.

Southeast Asia's IPO Market:

  • Despite Malaysia’s success, the broader Southeast Asia IPO market saw a decline, with 122 IPOs raising US$3 billion in 2024 — the lowest in nine years.
  • Deloitte’s Outlook:
    • Anticipates a rebound in 2025, driven by easing inflation, expected interest rate cuts, and the region’s attractive sectors like real estate, healthcare, and renewable energy.

Malaysia’s IPO market continues to thrive, achieving record-breaking growth and positioning itself as a regional leader, while Southeast Asia’s IPO market is poised for a potential rebound in 2025.

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