FTSE Bursa Malaysia KLCI Rises 0.3%
The Malaysian stock market saw a turnaround on Thursday as the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) rose by 0.3% to reach 1,406.69.
Top Performers
Leading the charge was utilities company, YTL Power International, with shares surging by 3.2%. Following closely behind were Petronas Chemicals Group, a basic materials/resources firm, and IOI, an agriculture company, with gains of 3.0% and 2.8%, respectively.
Biggest Decliners
On the other hand, Mr. D.I.Y. Group (M), a retail/wholesale firm, experienced the largest decline, falling by 2.0%. Telecommunication services company, Maxis, also experienced a dip, with shares dropping by 0.7%. Agriculture company Kuala Lumpur Kepong saw a slight decrease of 0.4%.
Southeast Asia Market Overview
The FTSE Straits Times Index in Singapore dropped by 0.1%, while the Thailand SET Index declined by 0.8%. In contrast, the Philippines’ PSEi Index rose by 1.1% and Indonesia’s JSX Composite Index added 0.5%.
Asia-Pacific Market Recap
Hong Kong stocks experienced a decline, with the Hang Seng Index dropping by 0.1% to 18,928.02. The NIKKEI 225 Index of Japanese companies recorded a significant decrease of 1.2%. Meanwhile, the Shanghai Composite Index, representing Chinese companies, declined by 0.9%.
The KOSPI Composite Index of South Korean stocks fell by 0.3%. Australian stocks, represented by the S&P/ASX 200 Benchmark Index, remained relatively stable.
Currency Trends
In terms of currency, the U.S. dollar climbed by 0.1% to 4.55 Malaysian ringgit, while the euro rose by 0.2% to 5.10 ringgit.
