Malaysian Shares End in Red Amid Broad Selling

MT Newswires Live

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Malaysian shares ended in the red on Tuesday on higher oil prices, as the US-Iran war continues to cause major unrest in the Middle East. Investors found little positive momentum after markets reopened following the Eid holidays.

The FTSE Bursa Malaysia KLCI shed 11.95 points to end 0.7% lower at 1,708.76. The day range was between 1,704.06 and 1,732.09.

In corporate news, shares of Kelington (KLSE:KGB) gained about 2% on Tuesday's close after its unit Kelington Engineering (S) bagged a contract worth $105 million for a semiconductor project in India.

OM (KLSE:OMH) unit OM Materials (S) has fully redeemed its outstanding private bonds ahead of maturity. The bonds, issued in November 2022, raised AU$30.9 million and carried a 10% annual coupon, payable semi-annually. Shares ended flat today.

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Investors found little positive momentum after markets reopened following the Eid holidays.</p><p>The FTSE Bursa Malaysia KLCI shed 11.95 points to end 0.7% lower at 1,708.76. The day range was between 1,704.06 and 1,732.09.</p><p>In corporate news, shares of Kelington (KLSE:KGB) gained about 2% on Tuesday's close after its unit Kelington Engineering (S) bagged a contract worth $105 million for a semiconductor project in India.</p><p>OM (KLSE:OMH) unit OM Materials (S) has fully redeemed its outstanding private bonds ahead of maturity. The bonds, issued in November 2022, raised AU$30.9 million and carried a 10% annual coupon, payable semi-annually. Shares ended flat today.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S","symbol_name":"SentinelOne, Inc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2621635850","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621635850","pubTimestamp":1774346223,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Malaysian shares ended in the red on Tuesday on higher oil prices, as the US-Iran war continues to cause major unrest in the Middle East. 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