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Malaysian Stocks Gain for Second Consecutive Session


Malaysian stocks continued their upward trajectory on Monday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) gaining 0.9% to close at 1,501.11.

Top Performers

IOI Properties Group (5249), a prominent real estate and construction company, led the session with a remarkable 5.8% gain. Following closely behind was YTL Power International (6742), which experienced a 4.1% increase. Sime Darby Plantation (5285), an agriculture company, secured the third spot with a 3.9% rise.

Declines in Certain Sectors

Unfortunately, not all companies fared well during the trading session. Energy firm Dialog Group (7277) experienced the largest decline, with shares dropping by 3.4%. Retail and wholesale company Mr. D.I.Y. Group (M) (5296) followed suit, with a 1.4% decrease. Additionally, shares of PPB Group (4065) declined by 0.8%.

Performance in Southeast Asia

Meanwhile, Singapore’s FTSE Straits Times Index (STI) saw a modest increase of 0.2%, while Thailand’s SET Index (SET) dropped by 0.4%. The Philippines’ PSEi Index (PSEI) gained 0.6%, but Indonesia’s JSX Composite Index (JAKIDX) experienced a slight decline of 0.2%.

Asia-Pacific Region

Looking at the broader Asia-Pacific region, Hong Kong’s Hang Seng Index (HSI) declined by 0.2%, while Japan’s NIKKEI 225 Index (NIK) witnessed a significant increase of 0.9%. In China, the Shanghai Composite Index (SHCOMP) showed a slight increase of 0.1%.

Other Market Updates

South Korea’s KOSPI Composite Index (180721) remained flat, as did Australia’s S&P/ASX 200 Benchmark Index (XJO) of Australian stocks.

Currency Trends

In terms of currency, the U.S. dollar (USDMYR) rose by 0.5% against the Malaysian ringgit, reaching a value of 4.67 ringgit. Similarly, the euro (EURMYR) strengthened by 0.5%, reaching 5.11 ringgit.

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