May 27, 2019

Singapore shares rising and Malaysia shares hit a two-year high

Singapore shares

The Singapore shares have been on the rise, which has been incentivised by an increase in real estate and banking stocks.

Equally the equities in Malaysia have climbed up to their highest point in two years, but the fact that the Singapore shares have gone up means that the overall Asian real estate market is going from strength to strength.

U.S. stocks gained for a second day with Nasdaq closing at a record high but in the meantime, Singapore shares are on the increase and it’s noticeable. A global risk was up following the outcome of the French election’s first round. There are lots of political movements that impact the real estate market, but it is important to be prepared for them.

A lot of industry professionals have said that they believe it is a good time to hold equity. Singapore’s FTSE Straits Times index has been increasing over the recent period, up from 0.3% to 3,173.76. CapitaLand climbed 1.4% after reporting a 77% jump in profit after tax and minority interest for the first quarter.

DBS Group Holdings added 0.6% and Oversea-Chinese Banking Corp. rose by 0.5% as U.S. bond yields have been going up too. Singapore Press Holdings has gone up by 0.6% and Singapore’s manufacturing output went up by 10.2% in March from a year ago. The pace of expansion has been enormous and their shares are continuously going up, which is improving the economic state of Asian countries.

The rating outlook for Malaysian banks is looking promising over the next few years too. The real estate market is expected to have all-round global growth, which leads to an increase in stability, high profits and better quality assets. It has been predicted by industry professionals that banks’ asset risks are stabilising on the bank of improving economic conditions and their capitalisation will remain sufficient to deal with asset quality shocks, even under stressful situations.

Singapore shares and Malaysia shares have been going up, which only highlights the big changes that are occurring in the real estate market. It is going from strength to strength, and as one country improves, it is having a domino effect on others around it. Word of mouth gets around very fast too, so as economists and business developers recognise attractive trends, they are investing more and more into safe places and safe deals.

Written by Gemma Smith

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