Malaysian shares experienced a second consecutive session of decline on Thursday, as the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dropped by 0.6% to 1,455.58.
Declining Stocks
During this session, Hong Leong Bank (5819), a financial services firm, witnessed the largest decline, dropping by 2.5%. It was followed by Sime Darby (4197), a business/consumer services company, which experienced a decline of 2.0%. YTL Power International (6742), another company, also saw a decline of 2.0%.
Leading Stocks
On the other hand, Westports Holdings (5246), a transportation/logistics company, emerged as the biggest leader during this session, with a 1.4% increase in share value. Kuala Lumpur Kepong (2445), an agriculture firm, added 1.1% to its shares. Sime Darby Plantation (5285), operating in the agriculture space, rounded out the top three leaders on Thursday with shares increasing by 0.7%.
Southeast Asia Overview
In other parts of Southeast Asia, Singapore's FTSE Straits Times Index (STI) increased by 0.2%, while Thailand's SET Index added 0.2%. On the other hand, the Philippines' PSEi Index fell by 0.8%, and Indonesia's JSX Composite Index dropped by 0.1%.
Asia-Pacific Region Overview
Moving to the broader Asia-Pacific region, Hong Kong's Hang Seng Index remained flat, while Japan's NIKKEI 225 Index declined by 1.6%. China's Shanghai Composite Index, however, gained 0.6%.
South Korea's KOSPI Composite Index dropped by 0.5%, while the S&P/ASX 200 Benchmark Index of Australian stocks declined by 0.4%.
Currency Movement
On the currency front, the U.S. dollar fell by 0.1% to 4.66 Malaysian ringgit, and the euro fell by 0.1% to 5.09 ringgit.
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