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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 Ready to Align Policies for High-Value Investments

Key Takeaway: Malaysia is adapting its policies to meet the demands of emerging industries, with a focus on AI, water conservation, and skilling to attract high-value investments.

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed Malaysia’s commitment to align policies with evolving industrial demands, citing the need for changes in water conservation to support data centres, which require high levels of water and energy.

Speaking at the APEC CEO Summit, Anwar emphasized the importance of listening to industry leaders like Microsoft, Google, and Huawei to understand their requirements. He acknowledged Malaysia's success in attracting investments, despite bureaucratic challenges, and outlined strategies for streamlining processes across federal, state, and municipal levels.

Key Initiatives Highlighted:

  • Water Conservation Policies: Malaysia is reassessing its water conservation strategy to meet the increasing demand from data centres.
  • Skilling and Education Reform: Focus on upskilling and curriculum updates in universities and schools to prepare the workforce for the AI revolution.
  • Asean Collaboration: Malaysia supports initiatives like the Asean energy grid to strengthen regional cooperation and resource sharing.

Anwar also emphasized Malaysia’s readiness to address bottlenecks and adapt public policies, ensuring a conducive environment for global investors. As the Asean chair in 2025, Malaysia aims to lead collaborative efforts to enhance regional incentives and infrastructure.

"We must adapt and be ready," Anwar said, underscoring the government's willingness to undertake major reforms to maintain Malaysia’s appeal as an investment destination.

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