Malaysian stocks halted a seven-day winning streak on Wednesday, as the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dipped 0.1% to 1,464.56.
Decliners
CIMB Group Holdings (1023), a financial services firm, registered the biggest decline, slipping 1.0%. It was followed by AMMB Holdings (1015), another financial services company, which saw a 1.0% decrease. Press Metal Aluminium (8869), a basic materials/resources company, also experienced a dip of 0.8%.
Top Performers
Leading the session was Dialog Group (7277), an energy company, with a significant increase of 3.0%. Petronas Chemicals Group (5183), a basic materials/resources firm, added 1.3% to its shares. Axiata Group (6888), operating in the telecommunication services space, completed the top three winners, with shares rising by 1.2%.
Southeast Asia Market Recap
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (STI) saw a 0.3% decline, while the Thailand SET Index (SET) increased by 0.4%. The Philippines’ PSEi Index remained steady, while Indonesia’s JSX Composite Index rose by 0.4%.
Asia-Pacific Market Recap
Elsewhere in the Asia-Pacific region, Hong Kong stocks climbed, with the Hang Seng Index up by 0.7% to reach 16,613.81. Japan’s NIKKEI 225 Index surged by 1.4%, while China’s Shanghai Composite Index fell by 1.0%.
The KOSPI Composite Index of South Korean stocks saw an impressive gain of 1.8%, while Australia’s S&P/ASX 200 Benchmark Index increased by 0.7%.
Currency Update
On the currency front, the U.S. dollar fell by 0.5% to 4.66 Malaysian ringgit, while the euro saw a 0.7% decrease to 5.10 ringgit.
