Malaysian shares experienced a downward trend today, putting an end to a two-day gaining streak. The benchmark FTSE Bursa Malaysia KLCI MY:FBMKLCI fell by 0.3% to reach 1,511.34.
Key Declines
YTL Power International MY:6742, a firm, witnessed the largest decline of 5.1%. Following closely behind was energy company Dialog Group MY:7277, with shares dropping by 2.7%. Additionally, shares of company YTL MY:4677 also showed a decline of 2.7%.
Top Leaders during the Session
Amidst the overall decline, Westports Holdings MY:5246, a transportation/logistics company, emerged as the top leader with an increase of 2.9%. Telecommunication services firm TIME dotCom MY:5031 also showed positive growth with a rise of 0.9%. Lastly, Kuala Lumpur Kepong MY:2445, operating in the agriculture space, rounded out the top three leaders on Monday, experiencing a 0.9% rise in shares.
Southeast Asian Market Performance
In other parts of Southeast Asia, Singapore's FTSE Straits Times Index SG:STI fell by 1.5%, while the Thailand SET Index TH:SET gained 0.3%. The Philippines' PSEi Index PH:PSEI added 0.3%, while Indonesia's JSX Composite Index ID:JAKIDX fell by 0.6%.
Asia-Pacific Market Overview
Moving to the Asia-Pacific region, the Hang Seng Index HK:HSI of Hong Kong companies suffered a decline of 0.2%, while the NIKKEI 225 Index JP:NIK of Japanese companies added 0.5%. The Shanghai Composite Index CN:SHCOMP of Chinese companies experienced a decline of 1.0%.
Furthermore, South Korea's KOSPI Composite Index KR:180721 declined by 0.9%, and Australia's S&P/ASX 200 Benchmark Index AU:XJO dropped by 1.0%.
Currency Market Update
In terms of currency, the U.S. dollar USDMYR saw a climb of 0.7%, reaching 4.75 Malaysian ringgit. Meanwhile, the euro EURMYR climbed by 0.5%, reaching 5.11 ringgit.
