Malaysian shares erased gains of the previous session to end in the red on Monday.
The benchmark FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 16.82 points to end 1.05% lower at 1,585.59. The day range was between 1,578.97 and 1,599.36.
In corporate news, the sales value of Malaysia's wholesale & retail trade rose 4.7% year on year to 149.3 billion ringgit in November 2024, according to the data released by the Department of Statistics. The positive growth was contributed by all sub-sectors: a 5.8% rise in retail trade, a 4.7% increase in wholesale trade, a 1.4% rise in motor vehicles.
In corporate news, shares of OSK Holdings (KLSE:OSK) dropped about 2% on close after its unit OSK Amanjaya signed separate deals with several vendors to acquire four pieces of lands in Kedah, Malaysia.
Moreover, AME REIT (KLSE:AMEREIT) plans to establish an Islamic medium-term bonds program with a value of up to 1 billion ringgit. The company, through a special purpose vehicle, AME REIT Sukuk, filed relevant documents relating to the program with the Securities Commission Malaysia.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.