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Malaysian Shares Decline for the Second Consecutive Session

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Malaysian shares experienced a decline for the second consecutive session on Thursday, with the benchmark FTSE Bursa Malaysia KLCI (MY:FBMKLCI) falling by 0.3% to 1,483.00.

Declining Stocks

Among the declining stocks, Genting Malaysia (MY:4715), a leisure/arts/hospitality firm, posted the largest decline of 6.0%. It was followed by Genting (MY:3182), another leisure/arts/hospitality company, which declined by 3.9%. Energy company Dialog Group (MY:7277) also saw a decline of 2.9%.

Leading Stocks

On the other hand, during the session, IOI Properties Group (MY:5249), a real estate/construction company, emerged as the biggest leader, with an increase of 1.6%. Agriculture firm Sime Darby Plantation (MY:5285) also showed growth of 1.6%. Sunway Bhd (MY:5211), operating in the real estate/construction space, rounded out the top three leaders on Thursday, with a rise of 1.3%.

Performance in Southeast Asia

In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (SG:STI) gained 0.6%, while the Thailand SET Index (TH:SET) dropped 0.3%. The Philippines’ PSEi Index (PH:PSEI) added 1.0%, while Indonesia’s JSX Composite Index (ID:JAKIDX) declined by 0.1%.

Performance in Asia-Pacific Region

Moving on to the Asia-Pacific region, Hong Kong’s Hang Seng Index (HK:HSI) rose by 1.3%, while Japan’s NIKKEI 225 Index (JP:NIK) increased by 1.8%. China’s Shanghai Composite Index (CN:SHCOMP) witnessed a modest increase of 0.3%.

The KOSPI Composite Index (KR:180721) of South Korean stocks fell by 0.1%, while the S&P/ASX 200 Benchmark Index (AU:XJO) of Australian stocks rose by 0.5%.

Currency Update

Regarding currency exchange rates, the U.S. dollar (USDMYR) held steady at 4.64 Malaysian ringgit, while the euro (EURMYR) experienced a slight decline of 0.1% to 5.09 ringgit.

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