Malaysian stocks made a strong comeback on Friday, breaking a two-day losing streak. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) gained 0.3% to reach 1,533.55.
Top Gainers and Losers
During the session, Mr. D.I.Y. Group (M) emerged as the top leader, with an impressive gain of 4.1%. KLCC Property Holdings, a real estate firm, also performed well and recorded a 3.4% increase. Dialog Group, which operates in the energy sector, secured its spot among the top three leaders by experiencing a 2.7% surge.
On the flip side, YTL and YTL Power International faced significant declines, dropping by 5.2% and 2.8%, respectively. Telecommunication services company TIME dotCom also experienced a decline of 1.3%.
Southeast Asia Market Updates
In other parts of Southeast Asia, the Singapore FTSE Straits Times Index rose by 1.3%, while the Thailand SET Index remained stable. The Philippines’ PSEi Index recorded a slight decrease of 0.1%, whereas Indonesia’s JSX Composite Index gained 0.4%.
Asian Market Highlights
Hong Kong’s Hang Seng Index showed impressive growth, rising by 2.5%. Japan’s NIKKEI 225 Index also experienced a positive trend with a 0.9% increase. However, China’s Shanghai stock exchange remained closed.
South Korean stocks reflected positive momentum, as the KOSPI Composite Index increased by 1.3%. Australian stocks also showed strength, with the S&P/ASX 200 Benchmark Index gaining 0.7%.
Currency Movements
In terms of currencies, the U.S. dollar endured a slight decline of 0.1% against the Malaysian ringgit, reaching 4.78. Similarly, the euro fell by 0.1% and was valued at 5.15 ringgit.
