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 ended Friday with strong stock-specific moves, led by a sharp rally in shipbuilding and property names. The benchmark FTSE Straits Times Index saw mixed sector performance, with industrial and property counters outperforming while select tech names corrected. STI Movers Top Gainers: Yangzijiang Shipbuilding Holdings Ltd +10.71% (S$4.34) UOL Group Ltd +5.62% Seatrium Ltd +5.26% City Developments Ltd +4.91% Jardine Matheson Holdings Ltd +2.48% Top Losers: Venture Corp Ltd -7.51% DFI Retail Group Holdings Ltd -2.10% CapitaLand Integrated Commercial Trust -2.00% Frasers Logistics & Commercial Trust -1.98% Mapletree Logistics Trust -0.77% Key Point: Capital rotated into industrial and marine names, while technology and REIT counters lagged. Most Actively Traded Yangzijiang Shipbuilding Holdings Ltd was the most actively traded stock: Closing price: S$4.34 Turnover: S$299.98 million Gain: +10....