Malaysian shares extended their decline for the third consecutive session on Thursday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) falling by 0.8% to 1,479.18.


YTL (4677), a firm, posted the largest decline, dropping by 8.2%. This was followed by shares of YTL Power International (6742) which dropped 5.6%. Shares of agriculture company Sime Darby Plantation (5285) also experienced a decline of 1.8%.


IOI Properties Group (5249), a real estate/construction company, emerged as the biggest leader during the session, rising by 3.9%. Agriculture firm QL Resources (7084) saw a rise of 1.4%. Westports Holdings (5246), which operates in the transportation/logistics space, rounded out the top three leaders on Thursday with shares rising by 0.8%.

Southeast Asia Markets

In other parts of Southeast Asia, Singapore's FTSE Straits Times Index (STI) declined by 0.1%. Similarly, the Thailand SET Index (SET) fell by 0.1%. The Philippines' PSEi Index (PSEI) experienced a decline of 0.9%, while Indonesia's JSX Composite Index (JAKIDX) increased by 0.7%.

Asia-Pacific Markets

Meanwhile, Hong Kong stocks increased, with the Hang Seng Index (HSI) up by 0.8% at 15,391.79, while Japan's NIKKEI 225 Index (NIK) remained flat. China's Shanghai Composite Index (SHCOMP) rose by 0.4%.

South Korea's KOSPI Composite Index (180721) added 0.2%, while the S&P/ASX 200 Benchmark Index (XJO) of Australian stocks fell by 0.6%.

Currency Update

On the currency front, the U.S. dollar held steady at 4.72 Malaysian ringgit, while the euro climbed 0.1% to 5.14 ringgit.

Write Your Comment