Malaysian shares extended losses from the previous session to end in red on the week's open.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 1.82 points to end 0.11% lower at 1,611.43. The day range was between 1,602.94 and 1,611.43.

In economic news, Malaysia's unemployment rate stood at 3.2% in October, unchanged from a month earlier, according to data from the Department of Statistics Malaysia. The figure was in line with market expectations.

In corporate news, Winstar Capital said the public portion of its initial public offering, comprising 14.5 million shares, has been oversubscribed by 80.17 times. The aluminum products manufacturer received a total of 19,881 applications for about 1.18 billion IPO shares.

Swift Energy Technology (KLSE:SET) priced its initial public offering shares at 0.28 ringgit apiece, eyeing 84.1 million ringgit via issue. The industrial automation company's IPO entails a public issue of 250.2 million shares and an offer for sale of 50 million shares.

Shares of Mercury Industries (KLSE:MERCURY) jumped about 5% on Monday's close after it received an offer from Bright Meadow to sell its remaining stake not already owned by the latter at 0.90 ringgit per share.

Shares of JAKS Resources (KLSE:JAKS) rose almost 4% on Friday's close after its unit MNH Global Assets Management filed documents with the Securities Commission Malaysia to establish a medium-term bonds program worth up to 250 million ringgit.