Malaysian shares pared gains to end in red on Thursday, as investor sentiment weakened following new U.S. tariff measures on major trading partners, including Mexico, Canada, and China.
The benchmark FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 5.51 points to end 0.35% lower at 1,558.91. The day range was between 1,554.85 and 1,569.43.
In corporate news, shares of Techna-X (KLSE:TECHNAX) slumped about 7% on close after it proposed a private placement of up to 10% of the total issued shares of the company to third-party investors. The intelligent digital ecosystem and energy storage solutions provider will determine the issue price and other details later.
Shares of WCT (KLSE:WCT) slid about 2% after it secured approval from Malaysia's Securities Commission for Paradigm Real Estate Investment Trust (REIT) to operate in the regulated activity of fund management in relation to asset management.
Shares of Kerjaya Prospek Property (KLSE:KPPROP) gained over 2% after it disclosed plans of issuing up to 324.9 million ringgit worth of eight-year, 4.2% redeemable convertible unsecured loan stocks (RCULS).
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.