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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.

Singapore Stocks Edge Higher as Global Trade Push and Corporate Moves Lift Sentiment

Singapore equities opened firmer on Wednesday, supported by  resilient global tech gains and improving investor sentiment , even as geopolitical tensions and oil price volatility continue to cloud the macro outlook. Market Holds Steady Amid Global Uncertainty The  FTSE Straits Times Index (STI) rose 0.25% to 4,948 , with market breadth positive ( 400 gainers vs 212 decliners ), reflecting cautious optimism. This follows a steady session on Wall Street, where: Nasdaq gained 0.5% , supported by tech names S&P 500 rose 0.3% Dow Jones edged up 0.1% Despite ongoing tensions in the Middle East and risks to oil supply via the  Strait of Hormuz , markets appear to be  looking through near-term geopolitical noise . Singapore Backs Global Trade and Digital Economy Rules Singapore joined a  10-nation coalition under the Future of Investment and Trade (FIT) Partnership , aiming to strengthen  WTO frameworks on investment and e-commerce . Key initiatives include: Ma...

Singapore Retail Sector: Downtown Malls Under Pressure, Suburban Resilience Provides Stability

Sluggish Tourism Recovery Weighs on Downtown Malls According to S&P Global Ratings’ latest annual report on Southeast Asia’s major property players, Singapore’s retail sector is set to face  slower growth momentum  in the coming quarters. The drag comes primarily from a  weaker-than-expected tourism recovery , dampened by global macroeconomic uncertainties and the strength of the Singapore dollar. While Singapore’s active  event and business calendar  should lend some support to inbound travel, muted tourist spending is expected to weigh disproportionately on the performance of  downtown malls , where foreign visitors typically account for a significant portion of retail sales. Suburban Malls Show Defensive Strength In contrast,  suburban malls  continue to demonstrate resilience. Their heavy reliance on  domestic demand and recurring footfall from nearby residential populations  provides a stable earnings base. This defensive positi...