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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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CapitaLand to Become First Foreign Firm to List China REIT

CapitaLand Investment Ltd has secured approval from Chinese regulators to launch a public real estate investment trust (REIT) — making it the  first foreign investor  to tap into China’s fast-growing REIT market. Key Details of the Listing Approved by the  China Securities Regulatory Commission (CSRC)  for registration on the  Shanghai Stock Exchange . Will raise about  2.1 billion yuan (US$294 million / RM1.24 billion) . Backed by two malls: CapitaMall SKY+  (Guangzhou) — jointly owned by CapitaLand Investment and CapitaLand’s private development arm. CapitaMall Yuhuating  (Changsha) — owned by a Singapore-listed, China-focused REIT supported by CapitaLand Investment. CapitaLand, together with its affiliates, will retain  at least 20% ownership  of the C-REIT. China’s REIT Market: From Infrastructure to Retail Launched in  2021  to channel capital into infrastructure projects. Expanded to  shopping malls in 2023 . Strong ...
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Singapore’s Largest REIT Buys Full Control of CapitaSpring Tower for S$1.05B

Major Office Deal in Singapore’s CBD CapitaLand Integrated Commercial Trust (CICT)  is acquiring the remaining  55% stake  in the  CapitaSpring office tower  for  S$1.05 billion (US$815 million) , giving the REIT full ownership of one of Singapore’s prime commercial landmarks — home to tenants like  JPMorgan Chase & Co. Seller stakes: 45% from CapitaLand Development 10% from Mitsubishi Estate Co. Both CapitaLand Development and CICT are backed by  Temasek Holdings  Deal Structure & Yield The transaction values CapitaSpring’s  commercial component  at  S$1.9 billion , based on an average of two valuations Entry yield : “ Low 4% ” — reflective of high-quality, prime location asset Financing : Funded via  private placement  of new units Pricing floor : S$2.105 per unit (vs last close: S$2.24) Target raise : ≥ S$500 million CICT shares halted Tuesday morning  pending placement completion Financial Update 1H 2...
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