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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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Trump Announces Key Appointments, Rules Out Dimon for Administration Role

Key Takeaway: President-elect Donald Trump unveiled Robert F. Kennedy Jr. as head of the Department of Health and Human Services and ruled out JPMorgan’s Jamie Dimon for a cabinet post, while making several high-profile appointments to shape his second term.

Dimon Excluded From Cabinet
Trump publicly dismissed speculation of appointing Jamie Dimon to his administration, thanking him for his service but declaring, "He will not be invited." Dimon, responding from the APEC CEO Summit, said, “I haven’t had a boss in 25 years and I’m not about to start.”

Key Cabinet Appointments

  • Robert F. Kennedy Jr.: The vaccine skeptic will lead the Department of Health and Human Services, marking a controversial choice for the nation’s healthcare policy.
  • Jay Clayton: The former SEC chair will serve as U.S. attorney for the Southern District of New York.
  • Doug Collins: The former Georgia congressman was tapped to head the Department of Veterans Affairs, overseeing healthcare for over 9 million military veterans.
  • Sergio Gor: Co-founder of Trump’s publishing company, will lead the Office of Presidential Personnel, responsible for vetting appointees across federal agencies.

Treasury Secretary Candidates The race for Treasury Secretary includes:

  • Scott Bessent, founder of Key Square Group, who advocates for Trump’s economic agenda.
  • Howard Lutnick, Cantor Fitzgerald CEO, emphasizing protectionist policies.
  • Robert Lighthizer, former U.S. Trade Representative, known for his tough stance on trade.

Matt Gaetz for Attorney General
Trump’s choice of Matt Gaetz for Attorney General has stirred controversy. Gaetz, a staunch ally, resigned from Congress after the announcement. His confirmation may face resistance in the Republican-controlled Senate, with some predicting his nomination could be rejected.

Trump’s Economic Vision
Scott Bessent praised Trump’s agenda, calling it a pathway to a "golden age" with manufacturing growth, energy dominance, and a tech boom. He emphasized Trump's ability to unite working-class Americans with influential business leaders like Elon Musk.

Other Updates

  • Trump ruled out Alina Habba, his legal spokesperson, for press secretary, despite speculation.
  • The Veterans Affairs Department plans to expand support for women’s health and childcare amid growing demand from female veterans.
  • Trump’s focus remains on loyalty and alignment among appointees, setting the tone for a tightly controlled administration.

Trump’s second-term team is rapidly taking shape, signaling a continuation of his bold and often polarizing leadership style.

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