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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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Buffett Boosts Mitsui Stake, Reinforces Bet on Japan’s Trading Houses

Warren Buffett’s Berkshire Hathaway has lifted its stake in Mitsui & Co to above 10%, strengthening its position in Japan’s powerful trading houses and signaling continued confidence in the sector.

Market Snapshot

  • Mitsui: Berkshire stake now above 10%; shares jumped as much as 2.2%.

  • Peers: Mitsubishi, Itochu, Marubeni, and Sumitomo also gained in Tokyo trading.

  • Sector backdrop: Trading houses’ diversified businesses help weather volatile commodity cycles and boost shareholder returns.

Background

  • Buffett first revealed stakes in Japan’s top five trading houses (sogo shosha) in 2020.

  • The companies span industries from liquefied natural gas to salmon farming.

  • Berkshire originally capped holdings at under 10%, but firms later agreed to relax the ceiling.

  • Earlier this year, Buffett also raised his stake in Mitsubishi beyond 10%.

Analyst View

SBI Securities analyst Ryunosuke Shibata said Buffett’s latest move is a clear signal:

“The fact that the ‘god of investing’ is buying more is a tailwind for Japan’s trading house stocks.”

Key Takeaway

Buffett’s continued accumulation highlights his conviction in Japan’s diversified trading giants. The endorsement has already helped the sector outperform the broader Topix index, and his latest move could sustain investor momentum.

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