By The Malaysian stock market experienced a decline for the second consecutive session on Tuesday, with the benchmark FTSE Bursa Malaysia KLCI (MY:FBMKLCI) dropping 0.2% to 1,403.03.
Declining Stocks
Sime Darby (MY:4197), a business/consumer services firm, posted the largest decline, falling 1.4%. This was followed by shares of financial services company CIMB Group Holdings (MY:1023), which declined 1.3%. Additionally, shares of financial services company RHB Bank (MY:1066) dropped 0.9%.
Top Performers
On the other hand, Petronas Chemicals Group (MY:5183), a basic materials/resources company, emerged as the biggest leader during the session, rising 1.1%. Similarly, utilities firm YTL (MY:4677) experienced a 0.9% increase. Petronas Dagangan (MY:5681), operating in the energy space, rounded out the top three performers on Tuesday, with shares increasing 0.9%.
Southeast Asia Market Overview
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (SG:STI) declined 0.1%, while the Thailand SET Index (TH:SET) rose 0.4%. The Philippines’ PSEi Index (PH:PSEI) declined 0.3%, and Indonesia’s JSX Composite Index (ID:JAKIDX) fell 0.5%.
Asia-Pacific Market Overview
Moving further across the Asia-Pacific region, Hong Kong’s Hang Seng Index (HK:HSI) experienced a decline of 2.1%, while the NIKKEI 225 Index (JP:NIK) of Japanese companies rose 0.3%. The Shanghai Composite Index (CN:SHCOMP) of Chinese companies declined 0.4%.
Additionally, the KOSPI Composite Index (KR:180721) of South Korean stocks dropped 0.4%, while the S&P/ASX 200 Benchmark Index (AU:XJO) of Australian stocks experienced a decline of 0.2%.
Currency Market
On the currency front, the U.S. dollar (USD/MYR) held steady at 4.54 Malaysian ringgit, and the euro (EUR/MYR) also held steady at 5.10 ringgit.
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