Malaysian Shares Snap Winning Streak


The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dipped by 0.2% to 1,512.75, putting an end to a six-day winning streak.

Declines in Key Sectors

Energy firm Dialog Group (7277) experienced the largest decline, dropping 2.6%. Following closely behind was business/consumer services company Sime Darby (4197), with a 2.0% decrease. Basic materials/resources company Press Metal Aluminium (8869) also witnessed a decline of 1.7%.

Leaders of the Session

YTL Power International (6742) claimed the top spot during the session, rising by an impressive 6.3%. Real estate/construction firm Gamuda (5398) followed with a 2.2% increase. Petronas Chemicals Group (5183), operating in the basic materials/resources sector, rounded out the top three leaders with shares adding 1.5%.

Southeast Asia Market Highlights

  • Singapore’s FTSE Straits Times Index (STI) gained 0.2%.
  • Thailand SET Index (SET) remained steady.
  • The Philippines’ PSEi Index (PSEI) fell by 0.1%.
  • Indonesia’s JSX Composite Index (JAKIDX) increased by 0.5%.

Asia-Pacific Region Snapshot

  • The Hang Seng Index (HSI) of Hong Kong companies fell by 2.3%.
  • Japan’s NIKKEI 225 Index (NIK) saw a marginal increase of 0.1%.
  • The Shanghai Composite Index (SHCOMP) of Chinese companies experienced a drop of 1.8%.

Other Regional Updates

  • The KOSPI Composite Index (180721) in South Korea declined by 0.1%.
  • Australia’s S&P/ASX 200 Benchmark Index (XJO) rose by 0.3%.

Currency Movement

The U.S. dollar (USDMYR) fell by 0.1% against the Malaysian ringgit, settling at 4.73. The euro (EURMYR) also decreased by 0.2% to 5.12 ringgit.

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