Stock Performance
Malaysian stocks took a downturn on Monday, reversing a one-day gaining streak. The benchmark FTSE Bursa Malaysia KLCI FBMKLCI saw a decline of 0.1% to 1,547.60.
Top Performers and Decliners
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Decliners:
- Sime Darby Plantation (5285, -4.51%): An agriculture firm that posted the largest decline of 4.5%
- Dialog Group (7277, -4.48%): Energy company shares dropped 4.5%
- Inari Amertron (0166, -4.24%): Technology company shares fell 4.2%
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- Malaysia Airports Hldgs (5014, +5.11%): Transportation/logistics company with the biggest gain of 5.1%
- Mr. D.I.Y. Group (M) (5296, +2.61%): Retail/wholesale firm gained 2.6%
- Telekom Malaysia (4863, +1.86%): Increased 1.9% in the telecommunication services space
Regional Market Overview
- Singapore: FTSE Straits Times Index STI saw a decline of 0.5%
- Philippines: PSEi Index PSEI fell by 0.3%
- Indonesia: JSX Composite Index JAKIDX declined by 0.2%
Asia-Pacific Recap
- Hong Kong: Hang Seng Index of Hong Kong companies fell by 0.5%
- Japan: NIKKEI 225 Index of Japanese companies gained 0.3%
- China: Shanghai Composite Index of Chinese companies declined by 0.9%
- South Korea: KOSPI Composite Index of South Korean stocks dropped 0.8%
- Australia: S&P/ASX 200 Benchmark Index of Australian stocks added 0.1%
Currency Update
On the currency front, the U.S. dollar held steady to 477.70 Malaysian sen, while the euro climbed by 0.1% to 5.18 ringgit.