Malaysian Stocks Show Resilience
Malaysian stocks displayed strength as they bounced back from a one-day decline on Thursday, with the benchmark FTSE Bursa Malaysia KLCI FBMKLCI rising by 0.4% to 1,551.44.
Market Leaders
- Gamuda (5398) +3.93%: The real estate and construction company emerged as the top performer, surging by 3.9% during the session.
- Tenaga Nasional (5347) +2.74%: Firmly positioned itself as a leader by gaining 2.7%.
- Inari Amertron (0166) +2.59%: Making waves in the technology sector, with shares increasing by 2.6%.
Top Decliners
- Hap Seng Consolidated (3034) -4.33%: Witnessed the largest decline, dropping by 4.3%.
- Dialog Group (7277) -4.11%: Energy company’s shares dipped by 4.1%.
- YTL Power International (6742) -1.50%: Experienced a decrease of 1.5%.
Regional Market Update
- Singapore’s FTSE Straits Times Index (STI) +0.12%: Gained 0.1%.
- Thailand SET Index (SET) -0.85%: Saw a decline of 0.9%.
- Philippines’ PSEi Index (PSEI) +0.99%: Rose by 1.0%.
- Indonesia’s JSX Composite Index (JAKIDX) -0.17%: Fell by 0.2%.
Asia-Pacific Overview
- Hong Kong’s Hang Seng Index (HSI) -0.15%: Experienced a 0.2% decline.
- NIKKEI 225 Index (NIK) -0.11%: Japanese companies observed a 0.1% drop.
- Shanghai Composite Index (SHCOMP) +1.94%: Chinese companies added 1.9% to their value.
- KOSPI Composite Index (180721) -0.37%: South Korean stocks dipped by 0.4%.
- S&P/ASX 200 Benchmark Index (XJO) +0.50%: Australian stocks witnessed a rise of 0.5%.
Currency Movements
- U.S. Dollar (USDMYR) -0.39%: Declined by 0.4% to 4.75 Malaysian ringgit.
- Euro (EURMYR) -0.32%: Fell by 0.3% to 5.15 ringgit.
