Trading volume among the component stocks rose to a six-year high of 745.9 million — with the previous highest seen at 834.2 million on May 31, 2016, which was also the MSCI's mid-year review deadline that year. Across Asia-Pacific, Hong Kong’s Hang Seng jumped 1.33% as China’s Shanghai Stock Exchange Composite Index advanced 1.19%, while the Shenzhen Composite Index spiked 1.92%, and South Korea’s Kospi Index rose 0.61%. Some Malaysian listed companies are also components of other MSCI indices. Bursa Malaysia's Financial Services index rose the most in percentage terms among the bourse indices, after climbing 1.86% to 16,910.7. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng, meanwhile, said the last-minute push in the benchmark index was also due to foreign buying.

Source: The Edge Markets June 01, 2022 12:05 UTC