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...
Singapore markets opened higher on Thursday, lifted by Wall Street’s overnight rally after the U.S. Federal Reserve delivered a 25bp rate cut. Here are the key highlights investors need to know.
Singapore Market Snapshot
STI: 4,532.07 (+0.45%)
Volume / Value: 73.54M / S$91.20M
Advancers / Decliners: 101 / 34
Wall Street Surges After Fed Cut
The Fed cut its benchmark rate to 3.5%–3.75% for the third time since September, sparking gains across major indexes:
Dow Jones: +1.1%
S&P 500: +0.7% (near all-time high)
Nasdaq: +0.3%
Russell 2000: +1.3% (new record)
Tech stocks such as SanDisk and Micron rallied.
Crypto was mixed: Ethereum (+1%) outperformed while Bitcoin, Solana, and XRP slipped.
Singapore Retail Sector Forecasts Slow 1% Growth in 2026
DBS Research expects Singapore’s retail sector to expand just 1% in 2026 amid cautious consumer sentiment and global uncertainty.
Key insights:
Supported partly by SG60 vouchers
Retail sales in Jan–Sep 2025 reached S$37.5b (+3% YoY)
Supermarkets: +6% expected
F&B: likely to stagnate
Tourist spending: could add 4–5% upside for CCR malls & luxury outlets
AI Boom Not Enough to Lift Tech Manufacturing Until Late 2026
Maybank warns that despite strong AI demand, Singapore’s tech manufacturing sector faces:
Oversupply in non-AI components
High inventory levels
Weak China demand
Recovery is expected in 2H 2026, with firms like Frencken and UMS likely rebounding later.
Singaporeans Drive 76% of Luxury Home Sales in Q3
Local buyers made up 76% of luxury home purchases, up from 70.2% in Q2.
Market highlights:
CCR homes >S$5m: S$1.73b in Q3 (+25.7%)
Average luxury unit price: S$10.09m
171 high-end transactions, supported by new launches:
UpperHouse
The Robertson Opus
21 Anderson
Watten House
Stocks to Watch
CapitaLand Investment (CLI)
Closed its second China onshore fund (1b yuan); recapitalising CapitaMall Xinduxin.
Mapletree PanAsia Commercial Trust
Selling Festival Walk Tower (HK$2b).
ULTRAGREEN AI
Stabilising manager bought 2.3M shares, fifth stabilisation since Dec 3 IPO.
Ever Glory
Offering 2M new shares at S$0.64 ahead of SGX mainboard transfer.
Ossia International
Set up Ossia Capital and purchasing new property assets worth S$19.5m.
Keppel REIT
Trading halted pending announcement.
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