Home News Malaysian Shares Continue to Rise

Malaysian Shares Continue to Rise


Malaysian shares continued their upward trend on Thursday, marking the fourth consecutive session of gains. The benchmark FTSE Bursa Malaysia KLCI (MY:FBMKLCI) increased by 0.6% to reach 1,456.26.

Leaders and Decliners

During the session, YTL (MY:4677), a leading company, emerged as the biggest gainer, rising by 2.7%. Another notable performer was agriculture firm QL Resources (MY:7084), which recorded a gain of 2.3%. Petronas Gas (MY:6033), a key player in the sector, rounded out the top three gainers on Thursday, with its shares also adding 2.3%.

On the other side, Westports Holdings (MY:5246), a transportation and logistics firm, faced the largest decline, with shares dropping by 2.8%. Additionally, shares of company PPB Group (MY:4065) fell by 0.7%. Similarly, retail and wholesale company Mr. D.I.Y. Group (M) (MY:5296) also experienced a decline of 0.7%.

Performance in Southeast Asia

In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (SG:STI) rose by 0.7%, while Thailand SET Index (TH:SET) increased by 1.5%. The Philippines’ PSEi Index (PH:PSEI) added 2.5%, and Indonesia’s JSX Composite Index (ID:JAKIDX) increased by 1.4%.

Performance in Asia-Pacific

Moving to the Asia-Pacific region, the Hang Seng Index (HK:HSI) of Hong Kong companies rose by 1.1%. However, the NIKKEI 225 Index (JP:NIK) of Japanese companies fell by 0.7%. Likewise, the Shanghai Composite Index (CN:SHCOMP) of Chinese companies dropped by 0.3%.

Meanwhile, South Korea’s KOSPI Composite Index (KR:180721) gained 1.3%, while Australia’s S&P/ASX 200 Benchmark Index (AU:XJO) increased by 1.7%.

Currency Update

On the currency front, the U.S. dollar (USDMYR) fell by 0.7% to 4.67 Malaysian ringgit, while the euro (EURMYR) fell by 0.4% to 5.10 ringgit.


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