Home News Malaysian Stocks Continue to Rise

Malaysian Stocks Continue to Rise


Malaysian stocks saw another increase for the second consecutive session on Friday. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) rose by 0.7% to 1,449.93.

Key Contributors

During the session, the telecommunications services company Axiata Group (6888) emerged as the top gainer with a 2.6% increase. Genting (3182), a firm in the leisure, arts, and hospitality industry, also performed well, with a rise of 2.2%. Sime Darby (4197), operating in the business and consumer services sector, secured the third spot among the top gainers, experiencing a 2.2% surge in its share price.


Westports Holdings (5246), a transportation and logistics company, witnessed the most significant decline, with a drop of 1.2%. Gamuda (5398), a real estate and construction company, followed suit with a decrease of 0.6%. Meanwhile, shares of YTL Power International (6742) dropped by 0.4%.

Trends in Southeast Asia

Singapore’s FTSE Straits Times Index (STI) gained 2.0%, while Thailand’s SET Index rose by 1.1%. The Philippines’ PSEi Index experienced a 0.3% increase, and Indonesia’s JSX Composite Index went up by 0.6%.

Asia-Pacific Markets

Hong Kong’s Hang Seng Index saw a significant jump of 2.5%, while Japan’s Tokyo Stock Exchange remained closed during this period. The Shanghai Composite Index, representing Chinese companies, added 0.7%.

South Korea’s KOSPI Composite Index also witnessed growth, with South Korean stocks increasing by 1.1%. Similarly, Australia’s S&P/ASX 200 Benchmark Index saw a gain of 1.1%.

Currency Updates

In terms of currency, the U.S. dollar fell by 0.5% against the Malaysian ringgit, resulting in an exchange rate of 4.73 MYR. The euro, on the other hand, decreased by 0.4%, equating to a rate of 5.03 MYR.


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