Malaysian shares experienced a decline on Wednesday, putting an end to a five-day winning streak. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dropped by 0.8% to 1,486.86.
Top Losers
- Hartalega Holdings (5168), a health care/life sciences firm, recorded the largest decline with a fall of 3.3%.
- Shares of financial services company Public Bank (1295) also dropped by 1.8%.
- Real estate/construction company Gamuda (5398) saw a decline of 1.8%.
Top Gainers
- Inari Amertron (0166), a technology company, was the biggest leader during the session, witnessing a gain of 1.3%.
- Agriculture firm QL Resources (7084) increased by 0.9%.
- Nestle (Malaysia) (4707), operating in the consumer goods sector, rounded out the top three leaders on Wednesday, with shares gaining 0.8%.
Other Southeast Asian Markets
In other parts of Southeast Asia, the FTSE Straits Times Index (STI) in Singapore declined by 0.6%. Meanwhile, the Thailand SET Index (SET) fell by 0.2%. The Philippines' PSEi Index (PSEI) witnessed a decline of 1.1%, while Indonesia's JSX Composite Index (JAKIDX) added 0.4%.
Asian Markets Overview
Across the Asia-Pacific region, Hong Kong stocks experienced a drop, with the Hang Seng Index down by 0.6%. On the positive side, the NIKKEI 225 Index of Japanese companies rose by 2.0%, while China's Shanghai Composite Index declined by 0.5%.
South Korea's KOSPI Composite Index declined by 0.8%, and the S&P/ASX 200 Benchmark Index of Australian stocks fell by 0.7%.
Currency Update
As for the currency market, the U.S. dollar fell by 0.1% to 4.64 Malaysian ringgit, while the euro climbed by 0.1% to 5.08 ringgit.
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