KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Global markets saw positive momentum as US markets climbed after Trump’s tariff plans turned exploratory rather than immediate, while Singapore shares opened lower on Friday despite stable 2025 NODX forecasts and key earnings reports from ThaiBev and Civmec.
📈 US Market Highlights
🔹 S&P 500: +1.04%
🔹 Dow Jones: +0.77%
🔹 Nasdaq: +1.56%
📌 Market Boost: Trump’s tariff approach appeared softer, focusing on investigations rather than immediate action, easing investor concerns.
🇸🇬 Singapore Market Snapshot
🔹 STI: 3,867.58 (-0.39%)
🔹 Volume: 134.32M | Value: S$108.95M
🔹 Advancers/Decliners: 94/65
📊 Key Singapore Economic Data
🔹 NODX (Non-oil Domestic Exports) rose 0.2% in 2024, driven by electronics shipments, though non-electronic exports fell.
🔹 2025 NODX growth forecast: Stable between 1%-3%, despite global uncertainties.
📉 SGX Trading Activity
🔹 January 2025 trading volumes underperformed, with S$20.8 billion securities turnover.
🔹 RHB warns of potential profit declines for SGX in H2 FY2025 if costs aren’t controlled.
📌 Stocks to Watch
🔹 ThaiBev (Y92.SG): Q1 revenue rose 2.4% to 92.3 billion baht ($3.7 billion), but shares fell 2.9% to S$0.50 due to weaker spirits sales.
🔹 Civmec (P9D.SG): Net profit declined 16.9% to A$26.5M; shares fell 2.8% to S$1.05 despite a A$0.025 interim dividend.
🔹 SGX (S68.SG): Shares dropped 1.4% to S$13.47 despite MAS tax incentives proposal for local equity markets.
🔹 iFast (AIY.SG): Shares rose 2.9% to S$7.87, benefiting from the same MAS proposal.
🔍 What’s Next?
✔️ Investors to watch tariff policy updates from the US and their global impact.
✔️ Focus on Singapore’s equity market incentives and economic forecasts.
✔️ Monitoring Q1 earnings across key sectors for market sentiment in Singapore and Asia.
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