KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Zetrix AI raised ~US$40 million from IFC Funds to expand digital infrastructure across Southeast Asia AI unit “AI Foundation Lab” targeting Nasdaq listing by end-2026 Focus on digital ID, blockchain and AI-powered public systems Funding Boost From World Bank Arm Malaysia-listed Zetrix AI Bhd has secured approximately US$40 million in equity funding from the International Finance Corp (IFC) . The investment aims to: Expand digital public infrastructure (DPI) Support emerging markets in Southeast Asia and beyond Strengthen AI-driven service delivery Nasdaq Listing in the Pipeline Zetrix is preparing to spin off and list its AI-focused subsidiary, AI Foundation Lab , on Nasdaq by the end of 2026. According to group managing director TS Wong: The company is actively working toward the listing Target completion: year-end 2026 Key move: Positioning a Malaysian AI unit directly on US capital markets. St...