KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
Record-High RM163.6 Billion Poured into Malaysia’s Digital Sector
- Digital investments in Malaysia more than tripled to RM163.6 billion in 2024, up from RM46.8 billion in 2023.
- Government's push into AI and advanced computing played a key role in attracting capital.
- Malaysia Digital Economy Corporation (MDEC) led efforts in collaboration with other government agencies.
Data Centres and Cloud Infrastructure Dominate Investment Landscape
- 76.8% of total approved digital investments went into data centres and cloud infrastructure.
- Malaysia has established a Data Centre Task Force to ensure growth aligns with sustainability goals.
Foreign Direct Investment (FDI) Breakdown
- Singapore: RM57 billion (largest contributor).
- United States: RM23 billion.
- China: RM12 billion.
- Australia: RM2.6 billion.
- India: RM2 billion.
Domestic Direct Investments Concentrated in Klang Valley
- Klang Valley: RM136 billion.
- Johor: RM22 billion.
- Penang: RM3 billion.
- Sabah: RM423 million.
- Sarawak: RM280 million.
Malaysia Achieves Record-High Approved Investments in 2024
- Total approved investments reached RM378.5 billion, the highest in the nation’s history.
- Near 15% growth from 2023, according to the Malaysian Investment Development Authority (MIDA).
- MDEC targets a 5% investment growth in 2025, with continued momentum in AI, digital transformation, and cloud computing.
Strategic Outlook
- MDEC and MIDA to sustain strong investment inflows through targeted initiatives.
- Focus on AI, data centres, and advanced computing to strengthen Malaysia’s position as a digital economy hub in the region.
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