News

Malaysian Stock Market Update

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4.5

Andrew R. Michaud

• February 19, 2024

Malaysian Shares Continue Upward Trend

Malaysian shares continued their upward momentum for the second consecutive session on Monday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) adding 0.3% to reach 1,538.61.

Top Gainers

• IOI Properties Group (5249), a real estate/construction company, emerged as the biggest leader of the session with a significant increase of 5.0%.
• Mr. D.I.Y. Group (M) (5296), a retail/wholesale firm, also saw a notable rise of 2.6%.
• Petronas Dagangan (5681), operating in the energy sector, secured the third spot among the top gainers, with shares climbing by 2.2%.

Top Losers

• Westports Holdings (5246), a transportation/logistics firm, experienced the largest decline of 0.9%.
• Sunway Bhd (5211), a real estate/construction company, followed closely behind with a decline of 0.7%.
• Malaysia Airports Hldgs (5014), another transportation/logistics company, saw its shares decrease by 0.6%.

Regional Market Update

• Singapore: FTSE Straits Times Index (STI) increased by 0.2%.
• Thailand: SET Index rose by 0.1%.
• Philippines: PSEi Index dropped by 1.1%.
• Indonesia: JSX Composite Index fell by 0.5%.

Asia-Pacific Overview

• Hong Kong: Hang Seng Index declined by 1.1%.
• Japan: NIKKEI 225 Index remained flat.
• China: Shanghai Composite Index rose by 1.6%.
• South Korea: KOSPI Composite Index increased by 1.2%.
• Australia: S&P/ASX 200 Benchmark Index added 0.1%.

Currency Movements

On the currency front:

• The U.S. dollar climbed by 0.1% against the Malaysian ringgit.
• The euro also saw a 0.1% increase against the Malaysian ringgit.