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...
Singapore’s consumer prices edged down in July, though annual inflation picked up modestly, signalling continued mixed pressures in the economy.
According to the Department of Statistics, the Consumer Price Index (CPI) slipped 0.4% month-on-month, but rose 0.6% year-on-year.
Categories Driving Inflation
Health: +2.4% YoY, the sharpest rise
Transport: +2.1% YoY
Food: +1.1% YoY
Education: +0.7% YoY
Housing & Utilities: +0.3% YoY
Categories in Decline
Information & Communication: -2.6% YoY, biggest fall
Clothing & Footwear: -2.3% YoY
Recreation, Sport & Culture: -1.2% YoY
Household Durables & Services: -0.5% YoY
Miscellaneous Goods & Services: -0.4% YoY
The mixed CPI print reflects resilient demand in essential services such as healthcare and transport, while discretionary categories including apparel and entertainment continue to see deflationary trends.
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