Malaysian stocks rebounded to end in the green zone, paring losses from the previous sessions. The investor sentiment improved in line with a positive performance by regional peers.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 9.44 points, to end 0.62% higher at 1,520.94. The day range was between 1,511.64 and 1,521.15.
The regional sentiment improved after US President Donald Trump struck trade deals with Vietnam and Indonesia.
In local news, Malaysia raised the August crude palm oil reference price to 3,864.12 ringgit per tonne, up from 3,730.48 per tonne in July, triggering an increased export duty of 9%, according to a circular issued by the Malaysian Palm Oil board.
In corporate news, shares of CBH Engineering (KLSE:CBHB) jumped over 7% on Thursday's close after it bagged a deal worth 172 million ringgit for the design and build of an electrical supply system for a 275kilovolt/13.8kilovolt consumer substation for a proposed data center in Selangor, Malaysia.
Shares of SkyWorld Development (KLSE:SKYWLD) also closed over 2% higher after it said it is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting
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