Malaysian shares managed to turn around their recent decline on Wednesday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) closing at 1,512.98.
Top Performers
Tenaga Nasional (5347) emerged as the day’s biggest gainer, rising 2.3%. Following closely behind was real estate firm KLCC Property Holdings (5235SS), which saw a 1.7% increase. CELCOMDIGI (6947), a telecommunications services company, also performed well, with its share prices rising by 1.4%.
Declining Stocks
Mr. D.I.Y. Group (M) (5296), a retail/wholesale firm, experienced the largest decline with a drop of 2.8%. Technology company Inari Amertron (0166) followed suit with a 2.5% decrease in their shares. YTL Power International (6742) also saw a decline of 2.1%.
Southeast Asian Markets
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (STI) gained 0.1%, while the Thailand SET Index dropped 0.6%. The Philippines’ PSEi Index increased by 0.4%, and Indonesia’s JSX Composite Index added 0.2%.
Asia-Pacific Region
Meanwhile, Hong Kong’s Hang Seng Index dropped 1.4%, while the NIKKEI 225 Index of Japanese companies gained 0.6%. The Shanghai Composite Index of Chinese companies declined by 1.5%.
South Korean stocks, represented by the KOSPI Composite Index, experienced a slight decline of 0.1%, whereas Australia’s S&P/ASX 200 Benchmark Index saw a notable gain of 1.1%.
Currency Status
On the currency front, the U.S. dollar held steady at 4.73 Malaysian Ringgit, while the euro remained unchanged at 5.13 Ringgit.
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