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
SoftBank Group Corp posted its biggest quarterly profit in two years, buoyed by successful IPOs in India. This gives founder Masayoshi Son the financial firepower for ambitious moves in artificial intelligence (AI) and semiconductors . SoftBank's Vision Fund earned ¥373 billion, bolstered by investments in Didi Global Inc , Coupang Inc , and Indian IPOs like Ola Electric Mobility and FirstCry . With India's IPO market thriving, SoftBank is in a "harvest season," as noted by analyst Devi Subhakesan . As SoftBank backs OpenAI with a US$500 million investment, CFO Yoshimitsu Goto highlighted its readiness for large AI investments, especially in sectors linked to chip design (via Arm Holdings), data centers , and robotics . SoftBank’s Vision Fund has shifted to a more focused approach, aligning with Son’s AI ambitions. The fund’s net asset value of ¥29 trillion signals its capacity for further growth in strategic tech sectors. SoftBank’s stock, sensitive to AI tr