Malaysian Shares End Higher on Upbeat PMI Data; Sentoria Slumps 33%

MT Newswires Live

Feb 03

Malaysian stocks finished higher on Tuesday after data showed that the country's manufacturing activity edged higher in January.

The FTSE Bursa Malaysia KLCI gained 7.38 points to end 0.4% higher at 1,748.26. The day range was between 1,742.68 and 1,757.51.

In economic news, Malaysia's manufacturing sector improved for a third straight month in January, with output returning to growth and demand stabilizing, S&P Global said. The S&P Global Malaysia Manufacturing Purchasing Managers' Index edged up to 50.2 from 50.1 in December, marking the joint-highest reading since August 2022.

In corporate news, shares of Sentoria Group (KLSE:SNTORIA) plunged over 33% on Tuesday's close after it filed a writ with the High Court of Malaya against OCBC Bank (Malaysia), claiming 679 million ringgit in compensation.

Meanwhile, shares of MISC (KLSE:MISC) gained about 2% on close after it secured a letter of award from PETRONAS LNG for long-term time charters of three newbuild LNG carriers.

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The day range was between 1,742.68 and 1,757.51.</p><p>In economic news, Malaysia's manufacturing sector improved for a third straight month in January, with output returning to growth and demand stabilizing, S&amp;P Global said. The S&amp;P Global Malaysia Manufacturing Purchasing Managers' Index edged up to 50.2 from 50.1 in December, marking the joint-highest reading since August 2022.</p><p>In corporate news, shares of Sentoria Group (KLSE:SNTORIA) plunged over 33% on Tuesday's close after it filed a writ with the High Court of Malaya against OCBC Bank (Malaysia), claiming 679 million ringgit in compensation.</p><p>Meanwhile, shares of MISC (KLSE:MISC) gained about 2% on close after it secured a letter of award from PETRONAS LNG for long-term time charters of three newbuild LNG carriers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0426412945.USD","symbol_name":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2608824538","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608824538","pubTimestamp":1770112868,"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. 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