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’s property market continues to be driven by strong residential investment demand , with the sector maintaining its dominance despite a slight quarterly dip. Residential Sector Remains Market Leader The residential segment recorded S$4.42 billion in investment sales in Q1 2026 , accounting for a significant 38.5% of total investment activity . Although this represents a marginal 0.3% decline quarter-on-quarter , the sector remains the largest contributor to Singapore’s investment market , highlighting sustained developer and investor confidence. Government Land Sales Drive Activity A key driver of investment volume was Government Land Sales (GLS) and public sector awards. Five sites awarded (4 private residential + 1 EC) Total value: S$3.23 billion Notable transactions include: Dover Drive – S$951 million Tanjong Rhu Road – S$709.3 million Lentor Central – S$657.1 million The Lentor Central site set a ...