Malaysia’s KLCI index reverses four-day losing streak


Published: Dec. 27, 2023 at 4:31 a.m. ET

Malaysian shares reversed a four-day declining streak Wednesday, with the benchmark FTSE Bursa Malaysia KLCI FTSE Bursa Malaysia KLCI increasing 0.2% to 1,454.22.

Maxis Maxis Bhd, a telecommunication services company, was the biggest leader during the session, increasing 1.6%, and energy firm Dialog Group Dialog Group Bhd rose 1.5%. YTL Power International YTL Power International Bhd, which operates in the space, rounded out the top three leaders on Wednesday, with shares gaining 1.2%.

KLCC…

Malaysian shares reversed a four-day declining streak Wednesday, with the benchmark FTSE Bursa Malaysia KLCI

FBMKLCI

increasing 0.2% to 1,454.22.

Maxis

6012

,
a telecommunication services company, was the biggest leader during the session, increasing 1.6%, and energy firm Dialog Group

7277

rose 1.5%. YTL Power International

6742

,
which operates in the space, rounded out the top three leaders on Wednesday, with shares gaining 1.2%.

KLCC Property Holdings

5235SS

,
a real estate firm, posted the largest decline, falling 1.1%, followed by shares of telecommunication services company Axiata Group

6888

,
which fell 0.8%. Shares of financial services company RHB Bank

1066

fell 0.2%.

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

STI

rose 1.0%, while the Thailand SET Index

SET

fell 0.1%. The Philippines’ PSEi Index

PSEI

declined 0.6%, while Indonesia’s JSX Composite Index

JAKIDX

increased 0.1%.

Elsewhere in the Asia-Pacific region, the Hang Seng Index

HSI

of Hong Kong companies increased 1.7%, while the NIKKEI 225 Index

NIK

of Japanese companies increased 1.1%. The Shanghai Composite Index

SHCOMP

of Chinese companies gained 0.5%.

South Korea’s KOSPI Composite Index

180721

added 0.4%, while the S&P/ASX 200 Benchmark Index

XJO

of Australian stocks rose 0.8%.

On the currency front, the U.S. dollar

USDMYR

fell 0.2% to 4.63 Malaysian ringgit, and the euro

EURMYR

fell 0.1% to 5.12 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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