KUALA LUMPUR, Dec 16 (Bernama) -- Bursa Malaysia extended its positive performance, closing higher for a fourth consecutive session, supported by improving local market sentiment underpinned by a firm domestic macroeconomic backdrop. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.59 points, or 0.28 per cent, to 1,648.31, from Monday’s close of 1,643.72. The index had opened 0.95 of a point lower at 1,642.77, and moved between 1,636.50 and 1,648.71 throughout the trading session However, on the broader market, decliners beat gainers 699 versus 408. A further 520 counters were unchanged, 1,149 untraded and 12 suspended. Turnover rose to 2.59 billion units worth RM2.27 billion from 2.50 billion units worth RM2.16 billion on Monday.
Key Takeaway
Singapore’s benchmark STI crossed 4,300 on Friday, hitting a fresh high. Wall Street optimism, tariff news, and strong fund inflows are supporting sentiment. Meanwhile, Olam Group and Yangzijiang Financial have been added to the STI reserve list in the latest index shuffle.
Market Snapshot
STI: 4,310.54 (+0.32%)
Advancers/Decliners: 104 / 40
Volume/Value: 228.04M / S$178.59M
Wall Street Boosts Global Sentiment
US markets rallied:
S&P 500 closed at a record 6,502.08 (+0.8%).
Nasdaq jumped 1% to 21,707.69.
Dow Jones rose 0.8% to 45,621.29.
Amazon surged 4.3% after securing a deal with JetBlue for in-flight WiFi. Jobs data came in weaker than expected, raising hopes for a 0.25% Fed rate cut in September (odds now at 97.6%).
Breaking News – Tariffs & Trade
US-Japan Trade Deal: Tariffs on Japanese autos cut from 25% to 15%. In return, Japan will cut tariffs on US goods and invest US$550B in US infrastructure.
Singapore Funds Attract Inflows
Money market funds saw US$2.8B inflows in Q2, triple the previous quarter.
Fixed income and allocation funds also gained, but equity inflows slowed to US$80.9M.
Investors are seeking stability and safe yields in Singapore amid global volatility.
STI Reserve List Shuffle
Added: Olam Group, Yangzijiang Financial
Removed: CapLand Ascott Trust, ComfortDelGro
- Current Reserve List: Olam, YZJ Financial, Keppel REIT, NetLink NBN Trust, Suntec REIT.No changes to the main STI constituents this round.
Stocks to Watch
ST Engineering (S63.SG): Announced a S$250M 5-year AI program focused on robotics and sensors.
Stoneweg EUTrust (SEB.SG): Secured a €50M green loan for The Hague redevelopment.
Broadcom (AVGO.US): Strong Q3 results, AI revenue up 63%. Guidance for Q4 also upbeat.
Niks Prof (NPL.SG): Trading halt pending announcement.
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