Malaysian stocks marked their third consecutive session of gains on Tuesday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) rising by 0.3% to reach 1,496.11.
Top Leaders and Performers
During the session, the retail/wholesale company Mr. D.I.Y. Group (M) showed the strongest performance, adding 2.1%. Following closely behind, transportation/logistics firm Westports Holdings recorded a gain of 1.3%. YTL, a company operating in the same space, rounded out the top three performers of the day with a 1.3% increase in shares.
Declining Sectors
On the other hand, real estate/construction firm Sunway Bhd posted the largest decline, dropping by 1.6%. Telecommunication services company Axiata Group also experienced a decline, with shares falling by 1.5%. Real estate/construction company IOI Properties Group saw a decrease of 1.4%.
Southeast Asia Market Performance
The FTSE Straits Times Index in Singapore (-0.4%) and the Thailand SET Index (-1.2%) both experienced declines. Meanwhile, the Philippines’ PSEi Index gained 0.6%, and Indonesia’s JSX Composite Index increased by 0.1%.
Asian-Pacific Market Highlights
Hong Kong’s Hang Seng Index gained 2.6%, while Japan’s NIKKEI 225 Index fell by 0.1%. China’s Shanghai Composite Index showed a gain of 0.5%.
South Korea’s KOSPI Composite Index gained 0.6%, and Australian stocks also saw an upward trend, with the S&P/ASX 200 Benchmark Index recording a gain of 0.5%.
Currency Updates
In terms of currency exchange rates, the U.S. dollar held steady against the Malaysian ringgit at 4.73 MYR. The euro, on the other hand, showed a slight increase of 0.1%, climbing to 5.15 MYR.