KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia rallied to close broadly higher on Wednesday amid strong buying interests mainly in utility and technology stocks, with the benchmark index gaining 0.44 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.13 points to 1,614.09 from Tuesday’s close of 1,606.96. The index opened marginally higher at 1,606.97 and moved between 1,606.53 and 1,616.03 throughout the day. Advancers thumped decliners 727 to 381 on the broader market, with 522 counters unchanged, 781 untraded and 10 suspended. Turnover advanced to 3.60 billion units valued at RM3.30 billion versus 3.32 billion units valued at RM3.30 billion on Tuesday.
The Stock Exchange of Thailand (SET) is adopting artificial intelligence (AI) tools to enhance its monitoring of listed companies, aiming to address rising cases of corporate fraud and restore investor confidence.
AI tools will enable faster detection of irregular share price movements and trading patterns, providing timely warnings to investors, according to SET President Asadej Kongsiri. Currently, the exchange processes up to 300 daily reports on possible corporate misconduct, and AI will streamline supervision while reducing delays in enforcement.
The move follows high-profile fraud allegations involving companies like Energy Absolute Pcl and Stark Corp, which, combined with concerns over illegal short selling and political turmoil, have left Thailand’s benchmark stock index trailing its Southeast Asian peers.
As part of its three-year strategy, the SET plans to help listed companies improve valuations and shareholder returns through consultations on operations and communications. Additionally, the exchange will promote bonds and carbon credits as alternative investment options to diversify opportunities for investors.
The enhanced oversight measures underscore Thailand’s commitment to bolstering its capital market’s transparency and resilience in the face of challenges.
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