Malaysian shares bounced back on Tuesday, ending a two-day decline, as the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) saw a 1.3% increase, reaching 1,531.37.

Top Performers

In today's session, Hap Seng Consolidated (3034) emerged as the leading gainer, with a 4.6% rise. This business/consumer services company was closely followed by Gamuda (5398), a real estate/construction firm, which gained 3.0%. Mr. D.I.Y. Group (M) (5296), operating in the retail/wholesale space, secured the third position with a 2.8% boost in their shares.

Declines in the Market

However, YTL Power International (6742), a firm, experienced the largest decline, with a drop of 1.7%. YTL (4677) also registered a 1.3% decrease in their shares. Transportation/logistics company Westports Holdings (5246) witnessed a slight decline of 0.5%.

Southeast Asia Market Overview

In Southeast Asia, Singapore's FTSE Straits Times Index (STI) rose by 0.1%, while Thailand's SET Index increased by 0.3%. The Philippines' PSEi Index gained 0.3%, but Indonesia's JSX Composite Index saw a decline of 1.2%.

Other Asian Markets

In Japan, the NIKKEI 225 Index made a notable rally of 2.9%. However, the Hong Kong Stock Exchange and China's Shanghai stock exchange were closed.

The KOSPI Composite Index, representing South Korean stocks, witnessed a 1.1% surge. On the other hand, the S&P/ASX 200 Benchmark Index, which reflects Australian stocks, saw a minor decline of 0.1%.

Currency Movement

In terms of currencies, the U.S. dollar held steady against the Malaysian ringgit at 4.77 (USDMYR). Meanwhile, the euro experienced a slight dip of 0.1%, resulting in an exchange rate of 5.13 (EURMYR).

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