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
The "no landing" scenario, in which the US economy continues to grow , inflation reignites , and the Federal Reserve is unable to significantly cut interest rates, has re-emerged as a key concern after a blowout US jobs report . The data revealed the fastest job growth in six months , a drop in unemployment , and higher wages , causing Treasury yields to surge and casting doubt on the likelihood of aggressive rate cuts by the Fed. Investors had been preparing for a potential soft landing or even a recession , pricing in rate cuts and piling into short-term US notes. However, the stronger-than-expected jobs data has upended this strategy, raising concerns about the risk of an overheating economy . Many prominent voices, including Stanley Druckenmiller and Mohamed El-Erian , have warned that inflation may not be fully under control, and that the Fed may have to reconsider its approach. The 10-year breakeven rate , a measure of bond traders' inflation expectations, has