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Market Daily Report: Bursa Malaysia Ends Slightly Lower Amid Cautious Sentiment On West Asia Conflict

KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day.  However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 billion.   
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Singapore Market Opens Steady as Inflation Ticks Up, REIT Deals Take Spotlight


Market Snapshot

  • FTSE Singapore Straits Time Index: +0.02% to 4,842.49
  • Volume / Value: 78.53M shares / S$185.87M
  • Advancers vs Decliners: 158 / 36

Singapore equities opened marginally higher, supported by improved global sentiment after the rebound in US markets.

Wall Street Supports Risk Appetite

US equities posted strong gains:

  • Dow Jones Industrial Average +1.4%
  • Nasdaq Composite Index +1.4%
  • S&P 500 Index +1.2%

The rally was driven by a sharp drop in oil prices of around 14%, as easing geopolitical tensions reduced inflation concerns.

Key Point: Lower oil prices are easing inflation pressure and supporting equities

Singapore Inflation Update

Latest data showed mixed inflation trends:

  • Core inflation: 1.4% (up from 1.0%)
  • Headline inflation: 1.2% (down from 1.4%)

The increase in core inflation was driven by higher prices in services, food, and retail, while lower petrol and accommodation costs helped ease headline inflation.

Key Point: Inflation remains contained, but underlying pressure is gradually building

Labour Market Remains Resilient

  • Total employment growth in 2025: +55,500 jobs
  • Unemployment rate: around 2%

Growth was supported by financial services, healthcare, and construction sectors.

Key Point: Strong employment continues to support domestic consumption

Stocks to Watch

Singtel

  • Fell 5.4% to S$4.93
  • Impacted by a service disruption, now resolved

Stoneweg Europe Stapled Trust

  • Divesting Warsaw office asset for €22.5 million
  • Focus on portfolio optimisation

CapitaLand Ascendas REIT

  • Announced S$749 million in acquisitions
  • Entering Japan data centre market
  • Raising ~S$900 million via equity fundraising

Key Point: REIT activity remains strong with expansion and capital recycling

Share Buybacks (March 23)

Notable buyback activity:

  • Singtel: 3.36 million shares
  • SATS: 1.08 million shares
  • Digital Core REIT: 900,000 shares
  • Genting Singapore: 500,000 shares
  • Keppel: 400,000 shares

Key Point: Continued buybacks suggest corporate confidence and support for share prices

Summary

Singapore markets are stabilising alongside global sentiment, supported by falling oil prices and resilient economic fundamentals. Inflation remains manageable, while REIT activity and share buybacks highlight ongoing corporate confidence.

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