Malaysia’s KLCI index reverses two-day gaining streak


Published: Jan. 16, 2024 at 4:31 a.m. ET

Malaysian stocks reversed a two-day winning streak Tuesday, with the benchmark FTSE Bursa Malaysia KLCI FTSE Bursa Malaysia KLCI dropping 0.5% to 1,493.87.

YTL Power International YTL Power International Bhd, a firm, posted the largest decline, declining 4.7%, followed by shares of company YTL YTL Corp. Bhd , which fell 4.6%. Shares of business/consumer services company Hap Seng Consolidated Hap Seng Consolidated Bhd fell 2.1%.

IOI…

Malaysian stocks reversed a two-day winning streak Tuesday, with the benchmark FTSE Bursa Malaysia KLCI

MY:FBMKLCI

dropping 0.5% to 1,493.87.

YTL Power International

MY:6742,

a firm, posted the largest decline, declining 4.7%, followed by shares of company YTL

MY:4677,

which fell 4.6%. Shares of business/consumer services company Hap Seng Consolidated

MY:3034

fell 2.1%.

IOI Properties Group

MY:5249,

a real estate/construction company, was the biggest leader during the session, increasing 1.0%, and basic materials/resources firm Press Metal Aluminium

MY:8869

increased 0.6%. Fraser & Neave Holdings

MY:3689,

which operates in the space, rounded out the top three leaders on Tuesday, with shares increasing 0.6%.

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

SG:STI

declined 0.5%, and the Thailand SET Index

TH:SET

dropped 0.3%. The Philippines’ PSEi Index

PH:PSEI

declined 0.7%, while Indonesia’s JSX Composite Index

ID:JAKIDX

rose 0.3%.

Elsewhere in the Asia-Pacific region, Hong Kong stocks declined, with the Hang Seng Index

HK:HSI

down 2.2% 15,865.92, while the NIKKEI 225 Index

JP:NIK

of Japanese companies declined 0.8%. The Shanghai Composite Index

CN:SHCOMP

of Chinese companies rose 0.3%.

The KOSPI Composite Index

KR:180721

of South Korean stocks fell 1.1%, while the S&P/ASX 200 Benchmark Index

AU:XJO

of Australian stocks declined 1.1%.

On the currency front, the U.S. dollar

USDMYR

climbed 0.4% to 4.69 Malaysian ringgit, and the euro

EURMYR

fell 0.1% to 5.11 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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