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However, not all Malaysian stocks followed the upward trend. Westports Holdings declined by 1.2%, while Gamuda and YTL Power International fell by 0.6% and 0.4%, respectively.
Other Southeast Asian markets also experienced growth on Friday. Singapore’s FTSE Straits Times Index added 2.0%, Thailand SET Index rose by 1.1%, Philippines’ PSEi Index increased by 0.3%, and Indonesia’s JSX Composite Index grew by 0.6%.
In addition to the Southeast Asian markets, other major global indexes also reported gains. Hong Kong’s Hang Seng Index rose 2.5%, Shanghai Composite Index added 0.7%, South Korea’s KOSPI Composite Index increased by 1.1%, and Australia’s S&P/ASX 200 Benchmark Index gained 1.1%.
In currency markets, the U.S. dollar fell to 4.73 Malaysian ringgit, while the euro declined to reach 5.03 ringgit.
It should be noted that the Tokyo Stock Exchange was closed on Friday, hence no trading data was available for Japanese equities.
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