- Wednesday, October 16, 2024
Malaysian stocks extended their gains on Monday, marking the sixth consecutive session of growth. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) increased by 0.2% to reach 1,465.28.
Top Performers and Decliners
During the session, transportation and logistics company Westports Holdings (5246) emerged as the top performer, with its shares rising by 2.2%. PPB Group (4065), a firm in the same industry, also saw a 2.0% increase. Meanwhile, CIMB Group Holdings (1023), operating in the financial services sector, secured the third spot with a 1.9% rise in its share value.
On the other hand, retail/wholesale firm Mr. D.I.Y. Group (M) (5296) experienced the largest decline, with its shares dropping by 3.4%. YTL (4677) followed suit with a 2.6% fall, while real estate company KLCC Property Holdings (5235SS) recorded a 1.9% decrease.
Southeast Asian Market Overview
In Singapore, the FTSE Straits Times Index (STI) remained steady, while Thailand's SET Index displayed a slight increase of 0.1%. The Philippines' PSEi Index remained flat, while Indonesia's JSX Composite Index dropped by 1.0%.
Looking beyond Southeast Asia, the Hang Seng Index of Hong Kong companies declined by 1.0%, and Japan's NIKKEI 225 Index fell by 0.6%. China's Shanghai Composite Index saw a 0.4% decrease.
South Korea and Australia
South Korean stocks witnessed a modest rise, with the KOSPI Composite Index (180721) increasing by 0.1%. However, Australia's S&P/ASX 200 Benchmark Index (XJO) experienced a slight decline of 0.2%.
Currency Update
In terms of currency exchange rates, the U.S. dollar climbed by 0.5%, reaching 4.69 Malaysian ringgit, while the euro saw a 0.7% increase, reaching 5.12 ringgit.
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