Malaysian stocks experienced another day of decline on Wednesday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) falling 0.4% to 1,457.60.
- 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%.
- 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%.
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%.
On the currency front:
- The U.S. dollar climbed 0.3% to 4.69 Malaysian ringgit.
- The euro held steady to 5.00 ringgit.