KUALA LUMPUR, April 1 (Bernama) -- Bursa Malaysia closed higher on Wednesday, with the key index rising 1.10 per cent, in line with firm gains across regional markets following a strong rally on Wall Street overnight, said an analyst. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the improvement in sentiment was underpinned by easing geopolitical concerns and a decline in oil prices. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increase 18.54 points or 1.10 per cent to 1,708.90 from Tuesday’s close of 1,690.36. The benchmark index opened 25.58 points higher at 1,715.94, marking its intraday high, and hit a low of 1,700.20 during the mid-morning session. The broader market was positive, with gainers leading decliners 780 to 444. A total of 475 counters were unchanged, 926 untraded and 11 suspended.
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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