KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99. The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.
Market Snapshot
Singapore shares opened higher on Friday, mirroring Wall Street’s overnight rally.
FTSE STI: 4,365.83 (+0.23%)
Volume / Value: 81.55M / S$100.94M
Advancers / Decliners: 132 / 31
In the US, major indexes closed at record highs as inflation and jobs data fueled optimism for rate cuts. The Dow climbed 1.4% to 46,108, the S&P 500 added 0.9% to 6,587.47, while the Nasdaq rose 0.7% to 22,043.07.
The Labor Department reported 263,000 new unemployment claims, the highest since October 2021, while CPI rose 2.9% in August, in line with forecasts. Traders are now fully pricing in a Fed rate cut at next week’s policy meeting.
Singapore Leads APAC in FDI Appeal
Singapore has emerged as the most attractive foreign direct investment (FDI) destination in Asia-Pacific, according to Bloomberg. Key draws include political stability, tax incentives, innovation capacity, and market access.
62% of investors expressed increased confidence in Singapore.
AI and advanced technology were highlighted as leading business opportunities.
Despite global uncertainty, 76% of investors plan to expand internationally.
SGX Posts Record $610M Profit
Singapore Exchange (SGX) reported its highest-ever net profit of $610 million for FY2025, cementing its position as Southeast Asia’s top bourse.
Key drivers:
Strong performance in derivatives, FX, and commodities.
FX platform now ranks among the top three exchange-backed OTC FX venues globally.
Robust IPO pipeline with over 30 companies preparing to list.
SGX’s brand value was also ranked the highest in Southeast Asia at $798 million.
Stocks to Watch
CapitaLand Investment (9CI.SG): Shanghai IPO oversubscribed 254.5 times in the institutional tranche.
Frasers Hospitality Trust (ACV.SG): To delist on Oct 6 at S$0.71 per stapled security after privatization by Frasers Property.
TalkMed (5G3.SG): Set to delist on Sept 15 after acquisition by Tamarind Health.
Low Keng Huat (F1E.SG): Reported a net loss of S$10.2M for H1, versus a profit of S$5.8M a year ago.
IREIT Global (UD1U.SG): Facing an €8.4M repayment demand from former Berlin Campus tenant DRV.
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