KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
Key Market Movements (Feb 26, 2025)
- FTSE Straits Times Index (STI) saw mixed performance, with notable stock movements across sectors.
- Investors focused on property, industrial, and REITs stocks as market sentiment remained cautious.
Top Gainers & Losers
STI Movers
- Top Gainer: HongkongLand USD (H78.SG) gained 2.66% to S$4.63.
- Top Loser: Seatrium Ltd (5E2.SG) declined 3.93% to S$2.20.
Singapore REITs Movers
- Top Gainer: Sabana REIT (M1GU.SG) rose 2.78% to S$0.37.
- Top Loser: Lippo Malls Trust (D5IU.SG) dropped 6.25% to S$0.015.
Market Sentiment & Outlook
- Investors showed interest in real estate stocks, with HongkongLand leading gains.
- Seatrium faced selling pressure, reflecting volatility in the industrial sector.
- REITs saw mixed movement, with Sabana REIT advancing while Lippo Malls Trust lagged.
Summary:
- Singapore stocks saw varied performance, with HongkongLand leading gains.
- Seatrium declined the most, reflecting pressure on industrial stocks.
- REITs had mixed results, with Sabana REIT rising and Lippo Malls Trust declining.
- Market sentiment remains cautious as investors weigh sector-specific trends.
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