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Market Daily Report: Bursa Malaysia Ends Lower On Profit-taking In Plantation Stocks

KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday. 

Japan Moves to Rein In Crypto-Hoarding Firms as Investor Losses Mount

 Japan Exchange Group Inc (JPX) is weighing new measures to curb the rapid rise of listed companies shifting into aggressive cryptocurrency accumulation, as the market downturn leaves retail investors nursing steep losses. People familiar with the discussions said JPX is considering tighter enforcement of  backdoor listing rules  and may require firms to undergo  fresh audits  if they pivot toward digital-asset treasury strategies. The proposals remain under review and no final decision has been taken. Since September, at least  three Japanese listed firms  have paused plans to begin buying cryptocurrency following pushback from the exchange, one person said. JPX reportedly warned that companies pursuing large-scale crypto purchases could face restrictions on future fundraising. While JPX has no explicit ban against listed entities accumulating crypto, it said it is  monitoring companies that pose governance and risk concerns , with the aim of saf...