Malaysian stocks bounced back on Tuesday, putting an end to the previous day’s decline. The benchmark FTSE Bursa Malaysia KLCI FBMKLCI rose by 0.1% to reach 1,512.98.
Top Gainers and Losers
During the trading session, YTL Power International emerged as the strongest performer, with its stock surging by 3.5%. Technology firm Inari Amertron also experienced a significant gain of 2.9%. Fraser & Neave Holdings, operating in the same sector, concluded the top three leaders by adding 1.5% to their shares.
Conversely, energy firm Dialog Group registered the largest decline, with its stock dropping by 2.3%. Retail and wholesale company Mr. D.I.Y. Group (M) also experienced a loss of 2.1%. Telecommunication services company CELCOMDIGI witnessed a more modest decline of 0.7%.
Market Performance in Southeast Asia
Across other parts of Southeast Asia, Singapore’s FTSE Straits Times Index dropped by 0.1%, while Thailand’s SET Index increased by 0.9%. The Philippines’ PSEi Index gained 0.4%, and Indonesia’s JSX Composite Index saw a rise of 0.7%.
Market Performance in Asia-Pacific Region
In the wider Asia-Pacific region, Hong Kong’s Hang Seng Index experienced a substantial gain of 4.0%. However, Japan’s NIKKEI 225 Index declined by 0.5%. Meanwhile, China’s Shanghai Composite Index saw an increase of 3.2%.
Performance of Other Key Indices
South Korean stocks, represented by the KOSPI Composite Index, declined by 0.6%. Similarly, Australia’s S&P/ASX 200 Benchmark Index fell by 0.6%.
Currency Movements
On the currency front, the U.S. dollar gained 0.3% against the Malaysian ringgit, reaching 4.77 ringgit. The euro also climbed by 0.3% to 5.12 ringgit.
