KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia’s key index closed higher today on bargain hunting, in line with positive investor sentiment across regional markets, consolidating at its highest level in more than two months — a level last seen on Oct 2, 2025. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.42 points, or 0.76 per cent, to 1,637.81, compared with Thursday’s close of 1,625.39. The benchmark index opened 2.83 points lower at 1,622.56, thereafter edged down to an early low of 1,622.03, before staging an uptrend to an intraday high of 1,640.36 in late trading. Market breadth was positive, with gainers trouncing decliners at 743 versus 387. Another 530 counters were unchanged, 1,108 untraded, and 16 suspended. Turnover increased to 3.09 billion units worth RM2.46 billion from 2.99 billion units worth RM2.35 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended higher on continued...
The Monetary Authority of Singapore (MAS) maintained its current monetary policy stance on Tuesday, keeping the slope, midpoint, and width of the Singapore dollar nominal effective exchange rate (SNEER) band unchanged.
The decision came as Singapore’s economy grew 2.9% year-on-year in Q3, outpacing forecasts of 1.9%. The central bank noted that growth has been stronger than expected, with the output gap remaining positive in 2025 before normalizing next year.
Economists said the impact of U.S. tariffs has been milder than feared. OCBC’s Selena Ling expects 2025 GDP growth of about 3%, while Maybank’s Chua Hak Bin projects an even higher 3.5%, citing resilient domestic demand and exports.
Singapore continues to rely on its exchange rate-based policy instead of interest rates, adjusting the SNEER through three levers — the slope, midpoint, and band width — to manage inflation and growth.
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