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Market Daily Report: Bursa Malaysia Closes Higher On Late Buying

KUALA LUMPUR, May 5 (Bernama) -- Bursa Malaysia reversed earlier losses to end higher on Tuesday as buying interest gained momentum in the afternoon session, said an analyst.  At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.66 points, or 0.44 per cent, to close at 1,747.43 from Monday’s close of 1,739.77. The benchmark index, which opened 1.97 points lower at 1,737.80, moved between a low of 1,732.64 and a high of 1,747.82 throughout the day. Market breadth was negative with losers leading gainers 605 to 539. A total of 599 counters were unchanged, 889 untraded, and 11 suspended. Turnover decreased to 2.86 billion units worth RM2.59 billion compared with 3.05 billion units worth RM2.55 billion yesterday.
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Singapore Morning Wrap: Manufacturing Strength Offsets Market Weakness Amid Global Volatility

Singapore equities opened lower on Tuesday as global risk sentiment softened, even as strong domestic data signaled continued economic resilience.

STI Declines Amid Broad Market Weakness

The FTSE Straits Times Index fell 0.53% to 4,898, with market breadth turning negative:

  • Advancers: 90
  • Decliners: 124

The pullback reflects spillover from Wall Street weakness and rising geopolitical risks.

US Markets Retreat as Oil Surge Triggers Profit-Taking

US equities eased from record highs:

  • S&P 500 -0.4%
  • Nasdaq Composite -0.2%
  • Dow Jones Industrial Average -1.1%

The decline was driven by:

  • Oil prices jumping ~3% to ~US$105/barrel
  • Renewed US-Iran tensions
  • Profit-taking in Big Tech stocks

However, select AI-related names and cryptocurrencies outperformed, with Bitcoin surging above US$80,000 on ETF inflows and policy optimism.

Singapore Economy Shows Resilience

Manufacturing Expands for Ninth Month

Singapore’s manufacturing sector continues to strengthen:

  • PMI rose to 50.7 (April)
  • Marks the ninth consecutive month of expansion
  • Driven by stronger new orders, exports, and output

This indicates steady industrial recovery, supported by external demand.

Tourism Recovery Continues

  • Visitor arrivals: 4.4 million in Q1 (+2.8% YoY)
  • Growth accelerated in February and March, offsetting January weakness

This suggests gradual normalization in travel demand, supporting services sectors.

Capital Markets Development Gains Traction

The Monetary Authority of Singapore reported strong support for the proposed:

  • Nasdaq-SGX Global Listing Board

This initiative aims to:

  • Simplify dual listings
  • Attract global issuers and investors
  • Strengthen Singapore’s position as a capital markets hub

Stocks to Watch

  • OCBC Bank to acquire HSBC Indonesia assets, adding S$6.6B AUM, strengthening regional presence
  • Frasers Logistics & Commercial Trust saw DPU decline, reflecting lower capital distributions
  • Keppel Infrastructure Trust increasing stake in power asset, enhancing earnings visibility
  • Ultragreen.ai reported lower shipments, but secured regulatory approval for new product

Investor Takeaways

  • Singapore stocks declined, tracking global risk-off sentiment.
  • Oil price surge and geopolitics continue to drive market volatility.
  • Manufacturing PMI strength signals resilience in the industrial sector.
  • Tourism recovery supports broader economic growth.
  • Strategic developments like OCBC’s acquisition and MAS initiatives highlight long-term growth opportunities.
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