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.
Summary Hongkong Land has launched its first private real estate fund , seeded with US$6.4 billion of prime Singapore commercial assets , marking a key step in its strategy to recycle capital, expand third-party funds management , and scale towards US$100 billion in assets under management by 2035 . Key Highlights First private fund launched : Singapore Central Private Real Estate Fund Seeded with S$8.2bn (US$6.4bn) of Singapore CBD office assets Target size : At least S$15bn gross asset value within five years Portfolio occupancy : 96% , reflecting tight CBD office supply What’s Inside the Fund The perpetual, open-end fund holds interests in office-led Marina Bay assets , including: Asia Square Tower 1 One Raffles Link Marina Bay Financial Centre Towers 1 & 2 Marina Bay Link Mall One Raffles Quay Strong Institutional Backing Hongkong Land remains majority owner and fund manager Founding investors include: Qatar Investment ...