Malaysian shares continued their upward momentum on Monday, marking the sixth consecutive session of gains. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) surged 0.6% to reach 1,515.39.
Key Leaders in Today's Session
During today's session, real estate/construction company Sunway Bhd (5211) emerged as the top performer, recording a 4.3% increase. Axiata Group (6888), a telecommunication services firm, also saw significant gains of 4.2%. Sime Darby Plantation (5285), operating in the agriculture sector, secured the third position among top leaders with a 3.9% increase.
Top Decliners
YTL (4677), a prominent firm, experienced the largest decline of 2.9%. Fraser & Neave Holdings (3689), another company, closely followed with a 2.3% drop. Energy company Petronas Dagangan (5681) also witnessed a decline of 1.3%.
Southeast Asian Markets Performance
In other parts of Southeast Asia, Singapore's FTSE Straits Times Index (STI) fell by 0.6%, while the Thailand SET Index rose by 0.6%. The Philippines' PSEi Index declined by 0.8%, whereas Indonesia's JSX Composite Index increased by 0.3%.
Asia-Pacific Markets Overview
Hong Kong stocks, represented by the Hang Seng Index (HSI), recorded an impressive gain of 0.8%. Similarly, Japan's NIKKEI 225 Index surged by 0.8%. However, the Shanghai Composite Index, consisting of Chinese companies, experienced a mild decline of 0.9%.
South Korea's KOSPI Composite Index achieved a notable 0.9% increase, while Australia's S&P/ASX 200 Benchmark Index rose by 0.3%.
Currency Update
On the currency front, the U.S. dollar climbed by 0.1% against the Malaysian ringgit, with the exchange rate reaching 4.73 MYR. Conversely, the euro fell by 0.1% to 5.13 MYR.
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