Malaysian stocks continued their upward trend on Tuesday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) gaining 0.6% to reach 1,391.46. This marks the second consecutive session of gains for Malaysian stocks.
During the session, agriculture company IOI led the way with a 2.9% gain, followed closely by technology firm Inari Amertron with a 2.6% increase. YTL Power International, which operates in the utilities sector, rounded out the top three leaders of the day with a 2.4% gain.
On the other end, basic materials/resources firm Press Metal Aluminium posted the largest decline, falling 1.4%. Retail/wholesale company Mr. D.I.Y. Group (M) also experienced a decline of 0.7%. Financial services company AMMB Holdings saw a decrease of 0.6%.
Southeast Asian Markets
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index gained 0.3%, while the Thailand SET Index fell 0.1%. The Philippines’ PSEi Index rose 0.3%, and Indonesia’s JSX Composite Index added 1.0%.
Moving to the Asia-Pacific region, Hong Kong’s Hang Seng Index experienced a gain of 1.0%, while Japan’s NIKKEI 225 Index remained flat. The Shanghai Composite Index of Chinese companies saw an increase of 0.6%.
South Korean stocks performed well, with the KOSPI Composite Index adding 1.7%, and Australian stocks also saw positive growth, with the S&P/ASX 200 Benchmark Index increasing by 1.5%.
In the currency market, the U.S. dollar fell 0.2% to 4.66 Malaysian ringgit, while the euro also experienced a 0.2% decrease, reaching 5.13 ringgit.