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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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Singapore: The Prime Hub for Major Investments

Singapore is buzzing with business activity! The island nation has emerged as a prime destination for major investments, thanks to its stable economy and political environment.


What's Happening?

Big Investments: A consortium led by KKR & Co and SingTel is injecting a massive S$1.75 billion into ST Telemedia Global Data Centres. Allianz, a leading European insurance company, is considering a partnership with Income Insurance. Meanwhile, Hillhouse Investment is looking to acquire Dulwich College International’s schools.

Why Singapore?

Ideal Investment Destination: Singapore is now seen as the top spot in Southeast Asia for significant deals. According to Martin Siah from Bank of America, confidence in Singapore has surged compared to the past few years.

Impressive Financial Activity: From April to now, deals involving Singaporean companies have reached a whopping US$23.8 billion, doubling the amount from the same period last year.

Stable and Safe: Singapore’s robust regulatory framework and predictable political climate make it a safe haven for investors, attracting substantial interest.

What Should Investors Do?

Seek Opportunities: Monitor Singapore for potential investment opportunities, particularly in tech, healthcare, finance, and energy sectors.

Think Long-Term: The country's stability makes it an excellent choice for long-term investments.

Diversify: Incorporating Singaporean assets into your portfolio could be a strategic move.

Stay Informed: Keep abreast of news and policy changes in Singapore to make well-informed investment decisions. 


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