Singapore markets opened marginally higher, but underlying sentiment remains cautious as Middle East tensions threaten economic growth and inflation stability . Market Holds Steady Despite Rising Risks The FTSE Singapore Straits Times Index edged up 0.05% to 4,899.83 , reflecting a balanced market tone : Advancers: 57 | Decliners: 47 Trading activity remained relatively muted This suggests investors are waiting for clearer macro signals amid global uncertainty. Global Headwinds: Oil and Tech Weigh on US Markets On Wall Street, markets were mixed: Nasdaq Composite Index fell 0.7% S&P 500 Index declined 0.4% Dow Jones Industrial Average rose 0.1% Losses in technology stocks and rising oil prices offset relatively dovish comments from Jerome Powell , who signalled no immediate need for rate hikes. Singapore Growth Outlook Faces Downside Risks RHB flagged rising downside risks to ...
The market is responding to the seemingly stable and higher crude oil prices. Regionally across Asian, the market has been on the uptrend, except for South Korea.
According to Reuters, Japan's Nikkei 225 closed up 0.32%, while Hong Kong's Hang Seng added 1.18%.
As for the Bursa Malaysia, the FBM KLCI rose higher by 4.29 points to close at 1,692.49 points, unable to break the 1,700 level.
At Bursa Malaysia, the bourse saw 1.78 billion shares, worth RM2.16 billion, traded.
Decliners led gainers by 463 to 334.
Although the KLCI rose, the FBM Small Cap Index fell 17.77 points or 0.12% to 15,249.690, on profit taking.
Bursa's top gainers included banking stocks like Public Bank Bhd, CIMB Group Holdings
Bhd, Hong Leong Financial Group Bhd and AMMB Holdings Bhd.
Top decliners included British American Tobacco (M) Bhd, Petronas Dagangan Bhd and Kuala Lumpur Kepong Bhd.
Meanwhile, the most active counters included AirAsia X Bhd and AirAsia Bhd. Both the AirAsia companies have been on an active trade after a rather impressive quarter report.
According to Reuters, Japan's Nikkei 225 closed up 0.32%, while Hong Kong's Hang Seng added 1.18%.
As for the Bursa Malaysia, the FBM KLCI rose higher by 4.29 points to close at 1,692.49 points, unable to break the 1,700 level.
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| FBM KLCI |
At Bursa Malaysia, the bourse saw 1.78 billion shares, worth RM2.16 billion, traded.
Decliners led gainers by 463 to 334.
Although the KLCI rose, the FBM Small Cap Index fell 17.77 points or 0.12% to 15,249.690, on profit taking.
Bursa's top gainers included banking stocks like Public Bank Bhd, CIMB Group Holdings
Bhd, Hong Leong Financial Group Bhd and AMMB Holdings Bhd.
Top decliners included British American Tobacco (M) Bhd, Petronas Dagangan Bhd and Kuala Lumpur Kepong Bhd.
Meanwhile, the most active counters included AirAsia X Bhd and AirAsia Bhd. Both the AirAsia companies have been on an active trade after a rather impressive quarter report.
Reuters reported Asian shares looked set on Friday to post their strongest week in five months, as global investors returned to riskier assets, after a string of positive U.S. economic data and a bounce in oil and commodity prices.
The rebound could continue if the February U.S. employment report later in the session shows job gains but remains weak enough to discourage Federal Reserve rate increases in the near term.
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