Optimistic outlook for property stocks


PETALING JAYA: Despite the record-breaking transaction value recorded in 2023 in the property sector, the KL Property Index, which is made up of listed shares of property companies, has remained relatively flat.

The index closed at about 918 points yesterday, six points higher compared to the 912 opening points recorded on March 6, the day when the National Property Information Centre (Napic) released its statistics on last year’s property market.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Hume Cement appoints William Tan as group managing director
COP30: TNB a critical enabler to advance regional energy cooperation via Asean power grid
Ringgit ends slightly lower vs greenback on Fed rate outlook caution
Powerwell to expand into East Malaysia via strategic M&A
Bursa Malaysia's key index ends higher near 16-month peak
Velesto unit disposes of entire stake in Velesto Workover for RM16.5mil
Kim Loong anticipates satisfactory FY26 performance
Perdana Petroleum unit receives two work orders from PETRONAS Carigali
Awantec unit bags two contracts to supply AI tools to public unis worth a combined RM16.41mil
Willowglen MSC unit signs remote terminal unit supply contract for RM8.59mil

Others Also Read