Malaysian shares experienced their third consecutive session of gains on Wednesday, with the benchmark FTSE Bursa Malaysia KLCI (MY:FBMKLCI) increasing by 0.1% to reach 1,448.04.

Top Leaders and Decliners

During the session, QL Resources (MY:7084), an agriculture company, emerged as the biggest leader, registering a 2.5% gain. Real estate and construction firm Sunway Bhd (MY:5211) also saw a notable rise of 2.0%. YTL (MY:4677), which operates in the same space, secured the third top spot with a 1.6% increase in its share price.

On the other hand, YTL Power International (MY:6742) experienced the largest decline, dropping 2.4%. Business and consumer services company Hap Seng Consolidated (MY:3034) followed closely behind, with a 2.3% decrease. Retail and wholesale company Mr. D.I.Y. Group (M) (MY:5296) also witnessed a decline, falling by 2.0%.

Performance in Southeast Asia

In Southeast Asia, Singapore's FTSE Straits Times Index (SG:STI) closed flat, while the Thailand SET Index (TH:SET) declined by 1.2%. The Philippines' PSEi Index (PH:PSEI) saw a decline of 0.6%, and Indonesia's JSX Composite Index (ID:JAKIDX) experienced a decrease of 0.7%.

Performance in the Asia-Pacific Region

Hong Kong stocks faced a decrease, with the Hang Seng Index (HK:HSI) down by 0.9% at 16,228.75. In Japan, the NIKKEI 225 Index (JP:NIK) added 0.3%, while China's Shanghai Composite Index (CN:SHCOMP) declined by 1.2%.

The KOSPI Composite Index (KR:180721) in South Korea encountered a decline of 1.0%, whereas Australia's S&P/ASX 200 Benchmark Index (AU:XJO) gained 0.3%.

Currency Highlights

On the currency front, the U.S. dollar (USDMYR) rose by 0.5% against the Malaysian ringgit, reaching 4.71 ringgit. The euro (EURMYR) also recorded a climb of 0.4%, resulting in a value of 5.08 ringgit.

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