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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

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
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Singapore’s Exports Decline 4.6% in October Amid Weak Non-Electronics Demand



Key Takeaway: Singapore’s non-oil domestic exports (NODX) dropped 4.6% year-on-year in October 2024, reversing the revised 0.9% growth in September, driven by a sharp decline in non-electronic shipments.

October Export Performance

  • Year-on-Year: NODX fell 4.6%, primarily due to a 6.7% drop in non-electronic exports, although electronic shipments grew by 2.6%.
  • Month-on-Month: Seasonally adjusted NODX decreased 7.4%, extending September’s revised decline of 0.6%.

Key Contributors to the Decline

  • Non-Electronics:

    • Specialized machinery exports fell 22.6%.
    • Pharmaceutical shipments dropped 40.4%.
    • Petrochemical exports declined 7.4%.

  • Electronics Growth:

    • Integrated circuits: Up 16.6%.
    • Disk media products: Increased 96.4%.
    • Personal computers: Surged 236.1%.

Market-Specific Observations

  • Exports to China plunged 22.3%, marking the largest decline among Singapore’s top export destinations.
  • Shipments to Singapore’s other key markets also declined overall.

Implications

  • The weakened performance in non-electronic goods highlights ongoing global demand challenges and economic uncertainties.
  • While electronics provided a boost, sustained growth in exports remains uncertain given fluctuating global conditions.

Singapore’s export trends reflect the fragile state of global trade, with recovery dependent on improved demand across key markets and sectors.

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