KUALA LUMPUR, April 30 (Bernama) -- Last-minute buying lifted Bursa Malaysia’s benchmark index, reversing earlier losses as higher oil prices boosted sentiment for energy- and chemical-related counters. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional markets remained under pressure following negative cues from Wall Street, compounded by surging oil prices, mixed earnings, and a cautious US Federal Reserve stance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 1.60 points, or 0.09 per cent, to 1,722.02 from Wednesday’s close of 1,720.42. The benchmark index opened marginally lower at 1,720.23 and moved between a low of 1,712.14 and a high of 1,722.03 throughout the day. Market breadth, however, was negative, with losers trouncing gainers 816 to 360. A total of 546 counters were unchanged, 950 were untraded, and 77 were suspended. Turnover declined to 2.91 billion un...
Market Snapshot
STI: mixed, led by industrials and property-related names
Banks: active but soft
REITs: broad rebound, led by retail and hospitality-linked trusts
STI Movers
Keppel was the top gainer, jumping +3.31% to S$12.50, supported by strength in infrastructure and asset management themes.
Other gainers:
Hongkong Land +2.27%
Yangzijiang Shipbuilding +2.16%
Venture Corporation +1.03%
Singtel +0.84%
Top loser:
Jardine Matheson Holdings -1.27%
REITs Movers
REITs saw a relief bounce, tracking stabilising bond yields.
Top gainer:
OUE REIT +2.90% to S$0.355
Other gainers:
Lendlease Global Commercial REIT +2.36%
BHG Retail REIT +2.33%
Suntec REIT +2.05%
Top loser:
Centurion Accommodation REIT -1.75%
Most Active Stocks
DBS Group was the most actively traded, slipping -0.67% to S$57.80, with turnover of S$369.6 million.
Other heavily traded names included:
UOB
OCBC Bank
Keppel
Market Takeaway
Industrials and infrastructure names led gains
REITs rebounded on rate stabilisation hopes
Banks remained liquid but lacked upside momentum
Singapore equities continue to rotate selectively, with investors favouring real assets and defensive yield plays over financials.
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