Malaysian Stock Market Sees Mixed Results with Notable Gains and Losses

Malaysian stock market enjoyed a slightly positive day on trade. FBM KLCI — The FBM KLCI index composite gained marginally, closing at 1,583.51 points, up by 1.12 points or 0.07%. This strong movement is a nice sign of resilience against mixed results from performance across the rest of the sector. The index subsequently soared to an intraday high of 1,583.67 before retracing to a low of 1,573.44. This positive movement amplifies a day known for up-and-down investor optimism.

Here’s a look at a few stocks that made the biggest moves in Friday’s trading session. Kluang Rubber topped the gainers’ chart, up 45 sen to RM5.96. Malaysian Pacific Industries was next in line with a jump of 34 sen, pushing its share price to RM21.32. Dutch Lady experienced an upsurge, gaining 30 sen to RM29.30, while Hengyuan had the same increase, up 30 sen to RM1.94.

In the storm of good news, many other stocks took a big step backward. Plantations → United Plantations plummets 50 sen to RM22.48. Other decliners, Carlsberg was down 32 sen to RM19.16 and Nestle down 20 sen to RM84.80. Chin Tek was not spared either, down 19 sen to RM8.19.

The broader regional market provided mixed signals. Hong Kong’s Hang Seng index, which helps signal performance across the South China Sea in Shenzhen and Shanghai, was up 2.3% to close at 23,640.65, historically strong market performance. On the other hand, Japan’s Nikkei 225 index closed lower on the day by 0.14%, settling at 38,128.13, signaling some degree of nervousness among Japanese investors. Japan’s Nikkei 225 rose 1.86% to 33,860.86. South Korea’s Kospi jumped 1.23% to close at 2,640.57. At the same time, China’s CSI 300 index surged 1.21% to 3,943.21 and Shanghai Composite increased 0.86% to end at 3,403.95.