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
Chinese investors now have a new avenue to invest in Saudi Arabian stocks with the debut of two exchange-traded funds (ETFs) focused on equities in the oil-rich nation. These funds, launched today in Shanghai and Shenzhen, come as China and Saudi Arabia continue to deepen their economic ties. Key Highlights: ETF Listings: Shenzhen Listing: The China Southern Asset Management CSOP Saudi Arabia ETF QDII launched in Shenzhen, raising 634 million yuan (US$87 million or RM408.19 million). Shanghai Listing: The Huatai-PineBridge CSOP Saudi Arabia ETF QDII began trading in Shanghai after raising 590 million yuan. Performance: Both funds traded close to their listing prices as of 10:20 a.m. local time. Investment Opportunities: Diversification: These ETFs provide mainland investors with an opportunity to diversify their holdings internationally, particularly in sectors such as energy and oil. Strategic Timing: The launches come at a time when Beijing is strengthening its ties with Gulf na