KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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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