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Malaysian Stocks Decline for Second Consecutive Session


Malaysian stocks experienced another day of decline on Wednesday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) falling 0.4% to 1,457.60.

Declining Stocks

  • Hong Leong Finl Grp: The financial services firm posted the largest decline, dropping 2.6%.
  • PPB Group: Shares of this company fell 2.3%.
  • YTL Power International: Shares of this company fell 1.7%.

Leading Stocks

  • Sime Darby: This business/consumer services company was the biggest leader during the session, rising 1.7%.
  • Nestle (Malaysia): This firm gained 0.6%.
  • Westports Holdings: This transportation/logistics company rounded out the top three leaders on Wednesday, with shares gaining 0.6%.

Southeast Asia Performance

In other parts of Southeast Asia:

  • Singapore’s FTSE Straits Times Index (STI) declined by 1.4%.
  • Thailand SET Index gained 0.4%.
  • The Philippines’ PSEi Index gained 0.4%.
  • Indonesia’s JSX Composite Index dropped 0.6%.

Asia-Pacific Performance

Elsewhere in the Asia-Pacific region:

  • Hong Kong Stocks: The Hang Seng Index was down 0.6%.
  • Japan’s NIKKEI 225 Index: This index declined by 0.3%.
  • Shanghai Composite Index: The index of Chinese companies fell 0.2%.

Other Market Performance

  • South Korea’s KOSPI Composite Index declined 0.9%.
  • Australia’s S&P/ASX 200 Benchmark Index added 0.3%.

Currency Market

On the currency front:

  • The U.S. dollar climbed 0.3% to 4.69 Malaysian ringgit.
  • The euro held steady to 5.00 ringgit.

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