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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

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...
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Singapore Airlines Shares Drop Over 8% as Q1 Profit Falls 59%

Shares of Singapore Airlines (SIA) plunged more than 8% after the carrier reported a 59% decline in net profit for the first quarter of its 2025/2026 financial year, marking its steepest intra-day fall since August 2024.

Key Financials

  • Net Profit: S$186 million (US$144 million), down from last year.

  • Operating Profit: S$405 million, a 13.8% drop YoY.

  • Stock Performance: Currently trading 7.11% lower, after falling over 8% earlier in the day.

What Caused the Drop?

  • Lower interest income due to reduced cash balances and interest rate cuts.

  • Losses from associates, including a negative contribution from Air India.

  • In December 2024, SIA began equity accounting for Air India following the full merger of Vistara, taking a 25.1% stake.

Bright Spot

Despite the earnings hit, SIA noted that demand for air travel and cargo remains strong even amid geopolitical uncertainties.

Bottom Line

The steep profit decline highlights challenges from investment-related losses and lower interest income, overshadowing robust travel demand. Investors will be watching upcoming quarters to see if SIA can stabilize earnings while integrating its Air India stake.

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