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
Axis Real Estate Investment Trust (Axis REIT) has successfully raised RM449.73 million through a private placement exercise aimed at supporting its strategy to pursue high-quality, yield-accretive acquisitions and enhancing its existing portfolio. The issue price was set at RM1.71 per unit , representing a 5.1% discount to the volume-weighted average market price of RM1.802 per unit . This private placement is Axis REIT's largest to date and highlights strong market confidence in its growth initiatives. In line with the enlarged unit capital resulting from the placement, Axis REIT has declared an advance fourth interim distribution of 1.10 sen per unit for income earned from Oct 1 to Nov 12, payable on Nov 29 . Leong Kit May, CEO and executive director of Axis REIT Managers Bhd, expressed that the success of this placement underscores strong market confidence in the REIT's growth strategy and commitment to reducing its financing ratio to allow for future portfolio expansion