Malaysian stocks saw a decline after a two-day gaining streak. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) decreased by 0.1% to 1,464.68.
Declining Stocks CELCOMDIGI (6947), a telecommunication services firm, experienced the largest decline, falling by 1.4%. QL Resources (7084), an agriculture company, also saw a decrease of 0.9%. Press Metal Aluminium (8869), a basic materials/resources company, declined by 0.8%.
Leading Stocks During the session, YTL Power International (6742), a company in the power sector, showed a strong performance by increasing 3.1%. Real estate firm KLCC Property Holdings (5235SS) also had a positive impact, with its shares rising by 1.6%. YTL (4677), operating in the same space, rounded out the top three leaders on Thursday, with shares increasing by 1.3%.
Other Southeast Asian Markets In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (STI) experienced a slight increase of 0.1%. On the other hand, the Thailand SET Index (SET) declined by 0.1%. The Philippines’ PSEi Index (PSEI) gained 0.3%, while Indonesia’s JSX Composite Index (JAKIDX) remained stable.
Asia-Pacific Markets In the Asia-Pacific region, the Hang Seng Index (HSI) of Hong Kong companies witnessed a decline of 1.4%. Japan’s NIKKEI 225 Index (NIK) fell by 0.3%. Similarly, the Shanghai Composite Index (SHCOMP) of Chinese companies experienced a decrease of 0.7%.
South Korean and Australian Markets The KOSPI Composite Index (180721) of South Korean stocks rose by 0.1%, while the S&P/ASX 200 Benchmark Index (XJO) of Australian stocks dropped by 0.7%.
Currency Movement Regarding the currency market, the U.S. dollar (USDMYR) climbed by 0.4% to 4.69 Malaysian ringgit, while the euro (EURMYR) increased by the same percentage to 5.09 ringgit.