Malaysia’s KLCI index rises for fourth day


Published: Jan. 24, 2024 at 4:31 a.m. ET

Malaysian stocks increased for the fourth consecutive session Wednesday, with the benchmark FTSE Bursa Malaysia KLCI FTSE Bursa Malaysia KLCI adding 0.5% to 1,504.10.

Sunway Bhd Sunway Bhd, a real estate/construction company, was the biggest leader during the session, adding 5.7%, and firm YTL Power International YTL Power International Bhd added 4.3%. Dialog Group Dialog Group Bhd, which operates in the energy space, rounded out the top three leaders on Wednesday, with shares rising 2.8%.

Mr….

Malaysian stocks increased for the fourth consecutive session Wednesday, with the benchmark FTSE Bursa Malaysia KLCI

FBMKLCI

adding 0.5% to 1,504.10.

Sunway Bhd

5211

,
a real estate/construction company, was the biggest leader during the session, adding 5.7%, and firm YTL Power International

6742

added 4.3%. Dialog Group

7277

,
which operates in the energy space, rounded out the top three leaders on Wednesday, with shares rising 2.8%.

Mr. D.I.Y. Group (M)

5296

,
a retail/wholesale firm, posted the largest decline, falling 2.1%, followed by shares of technology company Inari Amertron

0166

,
which dropped 0.9%. Shares of real estate/construction company Gamuda

5398

declined 0.8%.

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

STI

increased 0.5%, and the Thailand SET Index

SET

rose 1.5%. The Philippines’ PSEi Index

PSEI

gained 0.9%, while Indonesia’s JSX Composite Index

JAKIDX

fell 0.4%.

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

HSI

of Hong Kong companies added 3.6%, while Japan’s NIKKEI 225 Index

NIK

declined 0.8%. China’s Shanghai Composite Index

SHCOMP

rose 1.8%.

The KOSPI Composite Index

180721

of South Korean stocks declined 0.4%, while Australia’s S&P/ASX 200 Benchmark Index

XJO

added 0.1%.

On the currency front, the U.S. dollar

USDMYR

climbed 0.1% to 4.73 Malaysian ringgit, and the euro

EURMYR

climbed 0.5% to 5.15 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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