Malaysian stocks ended in the green zone on Thursday, extending gains from the previous session. The investor sentiment was positive amid mixed performance by regional peers.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 8.37 points, to end 0.55% higher at 1,528.16. The day range was between 1,520.24 and 1,528.16.

In economic news, Malaysia's producer price index slid 3.6% year on year in May, faster than a 3.4% drop in the preceding month, the Department of Statistics Malaysia (DoSM) said. The PPI measures the average change in the prices charged by businesses in the manufacturing industry.

Malaysia's terms of trade slid 0.5% month-on-month to 118.6 points in May, but rose 3.3% from 114.8 points in May 2024, the DoSM said. The export unit value index edged down 1.5% during the month versus the month prior. Meanwhile, the import unit value index edged down 1.1% in May.

In corporate news, Oxford Innotech (KLSE:OXB) targets to raise 56.1 million ringgit via its initial public offering on the Ace Market of Bursa Malaysia. The IPO involves a public issue of 143,460,000 shares and an offer for sale of 50 million shares at 0.29 ringgit apiece.

Enproserve Group (KLSE:ENPRO) targets to raise 75.6 million ringgit via its initial public offering on the Ace Market of Bursa Malaysia. The IPO involves a public issue of 210 million shares and an offer for sale of 105 million shares at 0.24 ringgit apiece.

Shares of Top Glove (SGX:BVA, KLSE:TOPGLOV) dropped over 3% on today's close in Malaysia after its attributable profit to owners declined to 34.7 million ringgit in the quarter ended May 21, from 50.7 million ringgit a year earlier.