KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Key Takeaway: Singapore Exchange (SGX) posted strong February market statistics with a 17% jump in securities turnover, even as local shares opened weaker on Tuesday amid global macro uncertainty.
Singapore Market Snapshot
The FTSE Straits Times Index (.STI) opened lower on Tuesday, slipping 0.24% to 4,298.29 at 9:30 am. Trading volume stood at 299.79 million shares with a value of S$267.82 million. Market breadth showed 132 advancers versus 104 decliners.
U.S. Market Lead
Wall Street extended gains on Monday as investors positioned ahead of key economic data. The Dow Jones Industrial Average (.DJI.US) rose 0.25%, the S&P 500 (.SPX.US) gained 0.21%, and the Nasdaq Composite (.IXIC.US)advanced 0.45%.
Markets widely expect the Federal Reserve to cut rates next week, with traders pricing in a two-thirds chance of three quarter-point cuts by year-end. The immediate focus is on this week’s economic releases:
Tuesday: preliminary revisions to employment data
Wednesday & Thursday: producer and consumer inflation reports for August
Data Hub Pressures
Singapore remains a leading data center hub in Asia-Pacific, with 1,002 MW of operational capacity in 2025. However, vacancy is at just 2%, with only 246 MW of new supply in the pipeline. Tight capacity has driven colocation ratesamong the highest in the region, ranging US$300–450+ per kW per month for wholesale blocks.
Stocks to Watch
Singapore Exchange (SGX.SG): Securities market turnover grew 17% year-on-year to S$33.6 billion in February. Daily average trading value also rose 17% to S$1.6 billion, while derivatives volume climbed 11% to 27.4 million contracts.
Oxley (5UX.SG): Divested its remaining 18% stake in Phu Thinh Land for about 240 billion dong (S$11.5 million), completing its exit from the investment.
Thakral (AWI.SG): Holds a 9.32% effective interest in The Beauty Tech Group, which is preparing for a London listing via its parent company Project Glow Topco.
Aoxin Q & M (1D4.SG): Audit committee found “reasonable evidence” that former CEO Dr Shao Yongxindiverted 15 million yuan (S$2.7 million) from employees and minority shareholders.
MM2 Asia (1B0.SG): Terminated the planned sale of 97.5 million Vividthree shares (21%) to Hildrics Asia Growth Fund VVC, citing market volatility. Its Malaysian subsidiary also received a RM1.3 million (S$396,000)payment demand.
Share Buybacks
Latest buyback transactions were reported, highlighting continued corporate activity in Singapore’s equity markets.
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