Malaysia’s KLCI index declines for second session


Published: Jan. 2, 2024 at 4:31 a.m. ET

Malaysian stocks declined for the second consecutive session Tuesday, with the benchmark FTSE Bursa Malaysia KLCI FTSE Bursa Malaysia KLCI dropping 0.1% to 1,453.10.

Sime Darby Plantation Sime Darby Plantation Bhd, an agriculture firm, posted the largest decline, falling 2.0%, followed by shares of company PPB Group PPB Group Bhd , which fell 1.4%. Shares of financial services company Hong Leong Bank Hong Leong Bank Bhd declined 1.3%.

Sunway…

Malaysian stocks declined for the second consecutive session Tuesday, with the benchmark FTSE Bursa Malaysia KLCI

FBMKLCI

dropping 0.1% to 1,453.10.

Sime Darby Plantation

5285

,
an agriculture firm, posted the largest decline, falling 2.0%, followed by shares of company PPB Group

4065

,
which fell 1.4%. Shares of financial services company Hong Leong Bank

5819

declined 1.3%.

Sunway Bhd

5211

,
a real estate/construction company, was the biggest leader during the session, rising 4.4%, and business/consumer services firm Hap Seng Consolidated

3034

added 2.2%. Malaysia Airports Hldgs

5014

,
which operates in the transportation/logistics space, rounded out the top three leaders on Tuesday, with shares rising 1.8%.

In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index

STI

dropped 0.3%, while the Thailand SET Index

SET

gained 1.3%. The Philippines’ PSEi Index

PSEI

gained 1.6%, and Indonesia’s JSX Composite Index

JAKIDX

increased 0.7%.

Elsewhere in the Asia-Pacific region, Hong Kong’s Hang Seng Index

HSI

dropped 1.5%, while Japan’s Tokyo Stock Exchange was closed. China’s Shanghai Composite Index

SHCOMP

declined 0.4%.

The KOSPI Composite Index

180721

of South Korean stocks added 0.5%, while Australia’s S&P/ASX 200 Benchmark Index

XJO

gained 0.5%.

On the currency front, the U.S. dollar

USDMYR

climbed 0.1% to 4.60 Malaysian ringgit, and the euro

EURMYR

held steady to 5.08 ringgit.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



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