KUALA LUMPUR, June 24 (Bernama) -- Bursa Malaysia finished higher on Wednesday as bargain-hunting activities emerged following recent pullback in the market, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.13 per cent, or 2.21 points, to 1,682.13 from Tuesday’s close of 1,679.92. The index opened 2.11 points better at 1,682.03 and moved between 1,680.49 and 1,690.66 throughout the trading session. Market breadth was positive with gainers outpacing decliners 518 to 483, while 564 counters were unchanged, 1,175 untraded and 41 suspended. Turnover shrank to 2.76 billion units valued at RM2.42 billion against 3.35 billion units worth RM3.12 billion on Tuesday.
Intel (INTC.US) surged over 10% intraday , after announcing a US$14.2 billion deal to regain full control of a key semiconductor facility in Ireland, reinforcing its long-term AI-driven manufacturing strategy . Strategic Buyback to Strengthen AI Capacity Intel will acquire the remaining 49% stake in Fab 34 from Apollo Global Management , taking full ownership of the advanced chip manufacturing plant. The facility is critical to Intel’s roadmap, producing chips based on Intel 4 and Intel 3 process technologies , including Core Ultra and Xeon 6 processors , which are central to AI and high-performance computing demand . The move signals Intel’s intent to tighten control over strategic assets as it scales up production capacity to compete in the global AI race. Financial Impact: Short-Term Debt, Long-Term Gains The transaction will be funded through: Cash reserves (~US$14.3 billion) Approximately US$6.5 bil...