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.
Key Takeaway: Singapore’s non-oil domestic exports (NODX) dropped 4.6% year-on-year in October 2024 , reversing the revised 0.9% growth in September , driven by a sharp decline in non-electronic shipments . October Export Performance Year-on-Year: NODX fell 4.6% , primarily due to a 6.7% drop in non-electronic exports , although electronic shipments grew by 2.6% . Month-on-Month: Seasonally adjusted NODX decreased 7.4% , extending September’s revised decline of 0.6% . Key Contributors to the Decline Non-Electronics: Specialized machinery exports fell 22.6% . Pharmaceutical shipments dropped 40.4% . Petrochemical exports declined 7.4% . Electronics Growth: Integrated circuits: Up 16.6% . Disk media products: Increased 96.4% . Personal computers: Surged 236.1% . Market-Specific Observations Exports to China plunged 22.3%, marking the largest decline among Singapore’s top export destinations. Shipments to Singapore’s other key markets also declined overall. Implications The wea...