KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Trump convenes Amazon, Google, Meta, Microsoft and others Firms to pledge covering electricity costs for AI data centres Move aims to prevent higher consumer power bills Pledge is non-binding , critics call it “toothless” Big Tech Called to the White House US President Donald Trump will host technology executives on March 4 to sign pledges committing their firms to fund electricity supply for energy-intensive AI data centres. Expected attendees include: Amazon Alphabet Meta Platforms Microsoft xAI Oracle OpenAI Key point: Tech firms will be asked to build, buy or secure their own power supply for new AI facilities. Why This Matters AI data centres: Consume massive amounts of electricity Increase strain on power grids Contribute to rising electricity prices US electricity prices have climbed 6% year-on-year , reaching 17.24 cents per kWh in December . With mid-term elections approaching, Trump faces mounting political pressure over ...