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Malaysian Shares Continue to Rise

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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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