Singapore is exploring plans to expand its gold storage capacity as it seeks to position itself as a major global bullion trading hub , targeting central bank reserves and institutional flows. Strategic Push Into Bullion Market Authorities are evaluating potential sites — including areas near Changi Airport — to enhance vaulting infrastructure for gold storage , according to sources familiar with the discussions. The Monetary Authority of Singapore confirmed it is considering the use of existing facilities for gold vaulting , though it stopped short of confirming expansion plans. The move aligns with Singapore’s broader ambition to strengthen its role in precious metals trading and financial services . Targeting Central Banks and Institutional Demand A key objective is to attract central banks , which collectively hold around 39,000 tonnes of gold , accounting for roughly 18% of global supply , according to the World Gold...
Key Market Movements (Feb 26, 2025)
- FBMKLCI rose 1.32% to close at 1,588.710, marking a strong session for Malaysian equities.
- FBM 70 gained 0.78% (17,003.340), while FBM SCAP edged up 0.22% (16,153.010).
- FBM Emas Index increased by 1.09% to 11,884.270.
Top Gainers & Losers
FBM KLCI Movers
- Top Gainer: CDB (6947.MY) surged 3.18% to RM3.570.
- Top Loser: Nestlé (4707.MY) fell 1.69% to RM88.480.
FBM 70 Movers
- Top Gainer: Padini (7052.MY) jumped 9.94% to RM1.770.
- Top Loser: Penta (7160.MY) dropped 5.45% to RM3.120.
Malaysia REITs Movers
- Top Gainer: Sunway REIT (5176.MY) gained 2.15% to RM1.420.
- Top Loser: IGB REIT (5227.MY) declined 1.02% to RM1.940.
Most Active Stocks
- Maybank (1155.MY) saw high trading volume, rising 1.45% to RM8.750, with a turnover of RM250.30 million.
Summary:
- Malaysia’s stock market ended higher, with FBMKLCI up 1.32%.
- CDB led the gains, while Nestlé recorded the biggest loss on the index.
- Padini was the strongest performer in the FBM 70 index, while Penta was the worst hit.
- Maybank remained the most actively traded stock.
Comments
Post a Comment