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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
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Singapore Inflation Cools Pre-War, But Energy Shock Risks Loom

Singapore’s inflation eased in February, offering temporary relief before the  Middle East conflict triggered a surge in energy prices , which is expected to reshape the near-term outlook. Headline Inflation Moderates Singapore’s  consumer price index (CPI) rose 1.2% year-on-year in February , down from  1.4% in January , in line with expectations. However, underlying price pressures showed signs of firming: Core inflation rose to 1.4% YoY , up from  1.0% previously This marked the  highest level since December 2024 The data suggests that while headline inflation cooled,  core price momentum is gradually building . Cost Pressures Emerging Across Key Sectors Price increases were driven by several essential categories: Transport (+2.7%)  — reflecting higher mobility and cost pressures Food (+1.6%)  — indicating steady consumption demand Recreation & culture (+1.9%) Meanwhile, housing and utilities remained relatively subdued at  +0.3% , hel...
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Singapore CPI Falls 0.4% in July, Still Up 0.6% YoY

Singapore’s consumer prices edged down in July, though annual inflation picked up modestly, signalling continued mixed pressures in the economy. According to the  Department of Statistics , the  Consumer Price Index (CPI) slipped 0.4% month-on-month , but rose  0.6% year-on-year . Categories Driving Inflation Health:  +2.4% YoY, the sharpest rise Transport:  +2.1% YoY Food:  +1.1% YoY Education:  +0.7% YoY Housing & Utilities:  +0.3% YoY Categories in Decline Information & Communication:  -2.6% YoY, biggest fall Clothing & Footwear:  -2.3% YoY Recreation, Sport & Culture:  -1.2% YoY Household Durables & Services:  -0.5% YoY Miscellaneous Goods & Services:  -0.4% YoY The mixed CPI print reflects  resilient demand in essential services  such as healthcare and transport, while discretionary categories including apparel and entertainment continue to see  deflationary trends .
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