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Malaysian Stocks Reverse Decline, FTSE Bursa Malaysia KLCI Up 1.1%


The benchmark FTSE Bursa Malaysia KLCI MY:FBMKLCI rebounded on Friday, putting an end to a one-day declining streak. The index climbed by 1.1% to reach 1,412.09.

Top Gainers and Losers

  • Inari Amertron MY:0166 – The technology company emerged as the biggest leader, with its shares surging by 7.1%.
  • Genting MY:3182 – The leisure/arts/hospitality firm experienced a notable increase of 3.4%.
  • Dialog Group MY:7277 – Operating in the energy sector, this company secured the third spot among the top gainers on Friday, with its shares rising by 3.2%.

On the other hand, YTL Power International MY:6742, a utilities firm, suffered the largest decline, with a decrease of 1.6%. Following closely behind was Sime Darby MY:4197, a business/consumer services company, whose shares fell by 0.9%. IOI MY:1961, an agriculture company, also experienced a decline of 0.8%.

Market Highlights in Southeast Asia

  • Singapore’s FTSE Straits Times Index SG:STI increased by 0.3%.
  • Thailand SET Index TH:SET rose by 1.4%.
  • The Philippines’ PSEi Index PH:PSEI recorded a rise of 0.7%.
  • Indonesia’s JSX Composite Index ID:JAKIDX saw an increase of 0.9%.

Asia-Pacific Market Overview

  • Hong Kong’s Hang Seng Index HK:HSI showed a modest growth of 0.3%.
  • The NIKKEI 225 Index JP:NIK of Japanese companies experienced a slight decline of 0.1%.
  • The Shanghai Composite Index CN:SHCOMP of Chinese companies remained stable.

Other Regional Stock Index Performances

  • South Korea’s KOSPI Composite Index KR:180721 rose significantly by 1.4%.
  • Australia’s S&P/ASX 200 Benchmark Index AU:XJO recorded a solid increase of 0.8%.

Currency Performance

In terms of currency exchange rates, the U.S. dollar USDMYR weakened by 1.4% against the Malaysian ringgit, reaching 4.53 ringgit. Similarly, the euro EURMYR fell by 1.3% to 5.09 ringgit.

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