Malaysian shares experienced a downturn on Wednesday after a brief uptick, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dropping 0.8% to 1,545.59.
Top Gainers and Losers
- Tenaga Nasional (5347): Declined by 4.03%
- YTL Power International (6742): Dropped by 3.37%
- IOI Properties Group (5249): Decreased by 2.99%
On the opposite end, Nestle (Malaysia) (4707) emerged as a strong performer, leading with a 1.89% increase, followed by MISC (3816) rising by 1.07%. Additionally, TIME dotCom (5031) gained 0.92% during the session.
Regional Market Overview
In other parts of Southeast Asia:
- Singapore's FTSE Straits Times Index (STI) declined by 0.5%
- Thailand's SET Index dropped by 0.8%
- The Philippines' PSEi Index added 0.2%
- Indonesia's JSX Composite Index increased by 0.6%
Moving on to the broader Asia-Pacific region:
- Hong Kong's Hang Seng Index declined by 1.5%
- Japan's NIKKEI 225 Index dropped by 0.1%
- China's Shanghai Composite Index witnessed a 1.9% decrease
- South Korea's KOSPI Composite Index added 1.0%
- Australia's S&P/ASX 200 Benchmark Index remained flat
Currency Movement
On the currency front:
- The U.S. dollar climbed by 0.1% against the Malaysian ringgit
- The euro fell by 0.3% against the ringgit
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