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
Samsonite International SA, the global luggage maker, has chosen JPMorgan Chase & Co and Morgan Stanley to assist in its dual listing in the US as part of its strategy to enhance liquidity and attract more global investors. Key Points: Bank Selection for Dual Listing : Samsonite is collaborating with JPMorgan Chase & Co and Morgan Stanley for its dual listing in the US, a move aimed at making its shares more accessible to a broader range of investors. The company is also considering making the US its primary listing venue. Strategic Decision for Growth : The decision for a dual listing was approved by Samsonite's board in August, based on the company’s global reach, growth prospects, and strategic objectives. The move is expected to improve liquidity and visibility in the global market. Potential Take-Private Deal : Samsonite had previously explored a take-private deal, but investment funds pulled back due to concerns over its valuation. Financial Performance and Market Val