KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Singapore equities showed mixed performance on Thursday , with selective strength in industrial and telecom names, while broader weakness persisted amid global volatility. STI Movers: Defensive and Yield Plays Hold Up Among the FTSE STI constituents , gainers were led by: Sembcorp Industries (+0.98%) – top performer, supported by energy-linked sentiment Genting Singapore (+0.74%) Singtel (+0.39%) OCBC Bank (+0.23%) On the downside: DFIRG USD (-5.11%) led decliners Hongkong Land (-4.17%) Jardine Matheson Holdings (-3.79%) City Developments (-3.40%) The divergence highlights rotation into defensive and yield-generating stocks , while property-linked counters faced pressure. REITs: Selective Buying in Yield Plays The REIT sector saw mixed performance: Suntec REIT (+4.29%) – strongest performer, indicating renewed investor interest Prime US REIT (-3.43%) led losses CDL Hospitality...