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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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Nissan Shares Surge on Report of Activist Investor Stake

Key Takeaway: Nissan shares rose as much as 6% in early Tokyo trading following reports that Oasis Management has taken a stake, signaling increased shareholder activism in Japan.

Nissan Motor shares climbed after Diamond Online magazine reported that activist investor Oasis Management had acquired a stake in the automaker. This follows a recent filing showing Effissimo Capital Management had also taken a position in Nissan.

The size and timing of Oasis’s stake remain unclear, and the company has declined to comment. Nissan’s shares were last up 4% at ¥426.7.

Context:

  • Activist investors are increasingly pressuring Japanese companies to improve governance and capital allocation, a trend supported by regulatory guidance.
  • Nissan recently issued a profit warning, announcing plans to slash 9,000 jobs and reduce global manufacturing capacity by 20% due to a sales slump in China and the US.

These developments highlight growing investor interest amid Nissan’s efforts to recover from recent challenges.

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