KUALA LUMPUR, May 11 (Bernama) -- Late selling pressure dragged Bursa Malaysia into negative territory at the close, reversing earlier gains as profit-taking in heavyweight banking and transportation counters dampen overall market sentiment. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.75 points to 1,745.31 from Friday’s close of 1,748.06. The benchmark index, which opened 5.94 points firmer at 1,754.0, moved between 1,744.99 and 1,754.0 during the trading session. Market breadth was positive with gainers leading losers 562 to 558. A total of 636 counters were unchanged, 897 untraded, and 12 suspended. Turnover increased to 4.20 billion units worth RM3.17 billion compared with 3.31 billion units worth RM3.00 billion on Friday.
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.
Comments
Post a Comment