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 Bursa Malaysia says lower free float approvals for large IPOs follow clear, rule-based criteria No concerns raised by MSCI over Malaysia’s index standing Indonesia’s MSCI warning is country-specific , not a regional issue Bursa plans to boost market quality, disclosures and investor confidence What Bursa Malaysia Said Bursa Malaysia Bhd clarified that approvals for large IPOs with free float below 25% are governed by transparent regulatory parameters and have not triggered concerns from MSCI Inc. . CEO Datuk Fad’l Mohamed stressed that such approvals are selective and uncommon , typically granted to mega-listings where liquidity remains sufficient . Recent Examples of Lower Free Float IPOs Sunway Healthcare Holdings Bhd – approved with 18% free float Other mega IPOs previously granted flexibility: MR DIY Group (M) Bhd 99 Speed Mart Holdings Bhd Eco-Shop Marketing Bhd Key point: ...