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Malaysian Stocks Close Flat as YTL Power International Leads Gainers


The benchmark FTSE Bursa Malaysia KLCI (MY:FBMKLCI) closed at 1,513.11, marking a flat performance for Malaysian stocks on Wednesday.

Gainers and Losers

YTL Power International (MY:6742) emerged as the biggest leader during the session, with a gain of 4.4%. Additionally, YTL (MY:4677), another firm, posted a solid increase of 2.3%. Mr. D.I.Y. Group (M) (MY:5296), operating in the retail/wholesale space, rounded out the top three leaders on Wednesday, experiencing a 2.1% rise in shares.

Telekom Malaysia (MY:4863), a telecommunication services firm, faced the largest decline, dropping 2.0%. Sime Darby (MY:4197), a business/consumer services company, also witnessed a decline of 1.6%. Moreover, energy company Petronas Dagangan (MY:5681) saw its shares decline by 1.5%.

Regional Market Updates

In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (SG:STI) experienced a gain of 1.0%, while the Thailand SET Index (TH:SET) gained 0.3%. The Philippines’ PSEi Index (PH:PSEI) added 1.1%, whereas Indonesia’s JSX Composite Index (ID:JAKIDX) fell 0.2%.

Meanwhile, Hong Kong stocks fell as the Hang Seng Index (HK:HSI) closed down 0.3% at 16,081.89. Japan’s NIKKEI 225 Index (JP:NIK) dropped 0.1%, while China’s Shanghai Composite Index (CN:SHCOMP) rose 1.4%.

South Korea’s KOSPI Composite Index (KR:180721) showed a positive trend, rising 1.3%, while Australia’s S&P/ASX 200 Benchmark Index (AU:XJO) gained 0.5%.

Currency Market Update

On the currency front, the U.S. dollar (USDMYR) fell 0.1% against the Malaysian ringgit, settling at 4.76 ringgit. The euro (EURMYR) remained steady at 5.13 ringgit.

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