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
Reach Ten Holdings Bhd , a telecommunications company based in Sarawak, has filed for an initial public offering (IPO) on the Main Market of Bursa Malaysia to raise funds for its expansion, particularly in building more towers and extending its fibre optic infrastructure . The company plans to expand its fibre optic infrastructure in Kuching and set up three additional networks in Miri, Sibu , and Bintulu , according to the draft prospectus posted on the Securities Commission Malaysia's website. The expansion aims to reach underserved and newly developed areas to attract new customers and increase market share. Reach Ten provides satellite-based communication services, fibre optic communication networks , and telecommunications infrastructure and managed services. In 2023, the company reported a net profit of RM51.32 million on revenue of RM182.26 million . The company's assets include a teleport , over 1,200 small satellite ground stations , more than 200km of fibre op