Malaysia’s KLCI index rises for sixth day


Published: Jan. 29, 2024 at 4:31 a.m. ET

Malaysian shares added for the sixth consecutive session Monday, with the benchmark FTSE Bursa Malaysia KLCI FTSE Bursa Malaysia KLCI increasing 0.6% to 1,515.39.

Sunway Bhd Sunway Bhd, a real estate/construction company, was the biggest leader during the session, adding 4.3%, and telecommunication services firm Axiata Group Axiata Group Bhd gained 4.2%. Sime Darby Plantation Sime Darby Plantation Bhd, which operates in the agriculture space, rounded out the top three leaders on Monday, with shares adding 3.9%.

YTL…

Malaysian shares added for the sixth consecutive session Monday, with the benchmark FTSE Bursa Malaysia KLCI

FBMKLCI

increasing 0.6% to 1,515.39.

Sunway Bhd

5211

,
a real estate/construction company, was the biggest leader during the session, adding 4.3%, and telecommunication services firm Axiata Group

6888

gained 4.2%. Sime Darby Plantation

5285

,
which operates in the agriculture space, rounded out the top three leaders on Monday, with shares adding 3.9%.

YTL

4677

,
a firm, posted the largest decline, dropping 2.9%, followed by shares of company Fraser & Neave Holdings

3689

,
which dropped 2.3%. Shares of energy company Petronas Dagangan

5681

dropped 1.3%.

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

STI

fell 0.6%, while the Thailand SET Index

SET

added 0.6%. The Philippines’ PSEi Index

PSEI

fell 0.8%, while Indonesia’s JSX Composite Index

JAKIDX

added 0.3%.

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

HSI

up 0.8% 16,077.24, while the NIKKEI 225 Index

NIK

of Japanese companies rose 0.8%. The Shanghai Composite Index

SHCOMP

of Chinese companies declined 0.9%.

South Korea’s KOSPI Composite Index

180721

added 0.9%, while Australia’s S&P/ASX 200 Benchmark Index

XJO

increased 0.3%.

On the currency front, the U.S. dollar

USDMYR

climbed 0.1% to 4.73 Malaysian ringgit, and the euro

EURMYR

fell 0.1% to 5.13 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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