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
More Londoners are opting to buy homes further away from the capital, seeking more affordable housing options as financial pressures mount. According to a report from Hamptons International, the average Londoner moving out of the city purchased a home a record 39 miles away between January and June 2024. This distance is six miles further than in 2019 and reflects a broader trend driven by the need to stretch housing budgets amid high living costs. Key Takeaways: Increased Distance from London : The report highlights that Londoners are now buying homes 65% further away than the typical first-time buyer, with the average distance of 39 miles from the capital representing a significant increase from previous years. This trend is attributed to the post-pandemic shift in work habits, where many city workers have adapted to hybrid working models, reducing the need to live close to their offices. Cost Pressures Driving the Trend : The movement away from London is largely driven by economic f