Malaysian shares continue to rise as FTSE Bursa Malaysia KLCI MY:FBMKLCI reaches 1,498.83. Top performers and decliners identified, along with market overview and currency movement analysis.
Malaysian shares continued their upward trajectory on Tuesday, as the benchmark FTSE Bursa Malaysia KLCI MY:FBMKLCI rose by 0.2% to reach 1,498.83.
Conversely, Sunway Bhd MY:5211, a real estate/construction firm, experienced the largest decline, dropping by 1.7%. Following closely behind was Petronas Chemicals Group MY:5183, a basic materials/resources company, with its shares falling by the same margin. In addition, shares of transportation/logistics company Westports Holdings MY:5246 decreased by 1.3%.
Moving beyond Malaysia, other countries in Southeast Asia witnessed mixed market movements. Singapore's FTSE Straits Times Index SG:STI increased by 0.3%, while the Thailand SET Index TH:SET witnessed a minor decline of 0.1%. The Philippines' PSEi Index PH:PSEI gained 0.1%, contrasting with Indonesia's JSX Composite Index ID:JAKIDX which dropped by 1.1%.
Across the broader Asia-Pacific region, Hong Kong's Hang Seng Index HK:HSI experienced a decline of 0.2%, whereas Japan's NIKKEI 225 Index JP:NIK witnessed a notable increase of 1.2%. Chinese companies reflected a positive trend with the Shanghai Composite Index CN:SHCOMP rising by 0.2%.
Meanwhile, South Korea's KOSPI Composite Index KR:180721 faced a slight setback, dropping by 0.3%. On the other hand, the S&P/ASX 200 Benchmark Index AU:XJO demonstrated resilience with Australian stocks surging by 0.9%.
In terms of currency exchange rates, the U.S. dollar USDMYR weakened by 0.2% against the Malaysian ringgit, settling at 4.64. Similarly, the euro EURMYR also experienced a decline of 0.3%, reaching 5.08 ringgit.
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