Malaysian Stocks Continue to Rise

Malaysian stocks demonstrated a positive trend for the fourth consecutive session on Monday. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) gained 0.5% and reached 1,495.70.

Top Performers

YTL Power International (6742) emerged as the leading company during the session, with its shares rising by an impressive 6.8%. Sunway Bhd (5211), a real estate and construction firm, followed suit and witnessed a 5.9% increase in shares. With a 3.8% increase, Genting (3182), operating in the leisure, arts, and hospitality sector, secured a spot among the top three performers on Monday.

Declining Stocks

Mr. D.I.Y. Group (M) (5296), a retail and wholesale firm, experienced the largest decline, with shares dropping by 1.3%. Telecommunication services company Axiata Group (6888) saw a decrease of 0.8% in its shares. Similarly, real estate company KLCC Property Holdings (5235SS) witnessed a decline of 0.6%.

Performance in Southeast Asia

While Singapore’s FTSE Straits Times Index (STI) gained 0.1%, Thailand’s SET Index (SET) declined by 0.5%. The Philippines’ PSEi Index (PSEI) fell by 0.3%, and Indonesia’s JSX Composite Index (JAKIDX) dropped by 0.9%.

Performance in Other Regions

Hong Kong stocks experienced a decline, with the Hang Seng Index (HSI) falling by 1.9%. However, the Tokyo Stock Exchange remained closed in Japan. The Shanghai Composite Index (SHCOMP) of Chinese companies witnessed a decrease of 1.4%.

South Korea’s KOSPI Composite Index (180721) dropped by 0.4%, while Australia’s S&P/ASX 200 Benchmark Index (XJO) declined by 0.5%.

Currency Updates

The U.S. dollar (USDMYR) fell by 0.1% against the Malaysian ringgit, amounting to 4.65 MYR. Additionally, the euro (EURMYR) also experienced a decline of 0.2%, reaching 5.08 MYR.