Malaysian shares extending gains of the previous session to end in red on Tuesday, in line with broader regional sentiment.

The benchmark FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 16.22 points to end 1.02% lower at 1,568.03. The day range was between 1,564.32 and 1,583.74.

In economic news, Malaysia's Leading Index rose 3.1% to 113.6 points in December 2024 from 110.2 points in the year-ago period, according to data released by the country's Department of Statistics. The increase suggests a potential improvement in the country's economic performance in the coming months.

Meanwhile, Malaysia's Coincident Index, which tracks the current state of the economy, also showed positive signs. The index rose 1.8% year-on-year to 126.1 points in December 2024 versus 123.9 points a year prior.

In corporate news, shares of MSM Malaysia (KLSE:MSM) plunged over 9% after its profit surged 67% to 71.7 million ringgit in the fourth quarter of 2024, from 42.9 million ringgit a year earlier.

Shares of EG Industries (KLSE:EG) slumped over 6% on close after its profit attributable to owners rose to 13.4 million ringgit in the fiscal second quarter ended Dec. 31, 2024, from 12.4 million ringgit a year earlier.

Shares of AuMAS Resources (KLSE:AUMAS) also dropped over 4% after it refuted allegations published by Overseas Chinese Daily News on Feb. 19, claiming that unit Wullersdorf Resources operated without valid licenses and faced frozen bank accounts. The company countered the claims, stating that Wullersdorf Resources holds a valid Operational Mining Scheme (OMS) license from Malaysia's Department of Minerals and Geoscience, Sabah.