Malaysian stocks continued to show strength on Monday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) increasing by 0.8% to 1,424.69.
Top Performers
- Tenaga Nasional (5347) – a utilities company, emerged as the biggest leader during the session, with a 3.8% increase.
- Kuala Lumpur Kepong (2445) – an agriculture firm, also performed well, with a 2.4% increase.
- Gamuda (5398) – operating in the real estate/construction sector, rounded out the top three leaders, with shares increasing by 1.8%.
Declining Stocks
- YTL (4677) – a utilities firm, posted the largest decline, dropping by 2.6%.
- Sime Darby (4197) – a business/consumer services company, followed closely with a 0.9% decrease.
- Westports Holdings (5246) – a transportation/logistics company, saw a decline of 0.8%.
Southeast Asia Performance
- Singapore’s FTSE Straits Times Index (STI) fell by 0.6%.
- Thailand SET Index dropped 0.3%.
- The Philippines’ PSEi Index declined by 0.2%.
- Indonesia’s JSX Composite Index increased by 0.3%.
Asia-Pacific Overview
- Hong Kong’s Hang Seng Index saw a decline of 2.1%.
- Japan’s NIKKEI 225 Index increased by 1.2%.
- China’s Shanghai Composite Index declined by 0.1%.
Other Markets
- South Korea’s KOSPI Composite Index increased by 0.7%.
- Australia’s S&P/ASX 200 Benchmark Index dropped by 0.1%.
Currency Update
- The U.S. dollar climbed by 0.2% to 4.57 Malaysian ringgit.
- The euro fell by 0.1% to 5.07 ringgit.
