Malaysian shares gained for the second consecutive session Thursday, with the benchmark FTSE Bursa Malaysia KLCI
FBMKLCI,
rising 0.2% to 1,457.41.
Hong Leong Bank
5819,
a financial services company, was the biggest leader during the session, gaining 1.7%, and financial services firm RHB Bank
1066,
increased 1.3%. Public Bank
1295,
which operates in the financial services space, rounded out the top three leaders on Thursday, with shares rising 0.7%.
Nestle (Malaysia)
4707,
a firm, posted the largest decline, falling 2.0%, followed by shares of telecommunication services company Maxis
6012,
which dropped 1.0%. Shares of energy company Dialog Group
7277,
fell 1.0%.
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index
STI,
gained 1.4%, and the Thailand SET Index
SET,
gained 0.3%. The Philippines’ PSEi Index
PSEI,
added 0.9%, and Indonesia’s JSX Composite Index
JAKIDX,
added 0.8%.
Elsewhere in the Asia-Pacific region, the Hang Seng Index
HSI,
of Hong Kong companies increased 2.5%, while the NIKKEI 225 Index
NIK,
of Japanese companies fell 0.4%. The Shanghai Composite Index
SHCOMP,
of Chinese companies gained 1.4%.
South Korea’s KOSPI Composite Index
180721,
rose 1.6%, while Australia’s S&P/ASX 200 Benchmark Index
XJO,
increased 0.7%.
On the currency front, the U.S. dollar
USDMYR,
fell 0.5% to 4.61 Malaysian ringgit, and the euro
EURMYR,
fell 0.3% to 5.12 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.
Read the full article here