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Malaysian Shares Begin Week Higher on Upbeat Manufacturing Data

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Malaysian shares ended in green on Monday on upbeat investor sentiment following the release of positive manufacturing data.

The FTSE Bursa Malaysia KLCI gained 17.8 points to end 1% higher at 1,739.77. The day range was between 1,725.01 and 1,739.77.

Malaysia's manufacturing sector expanded at its fastest pace in four years in April, supported by stronger output and a return to growth in new orders, according to data released Monday by S&P Global. The S&P Global Malaysia Manufacturing Purchasing Managers' Index rose to 51.6 in April from 50.7 in March, marking a second straight month of expansion.

In corporate news, T7 Global (KLSE:T7GLOBAL) slid about 2% after listing 9.2 million private placement shares.

Meanwhile, Uzma (KLSE:UZMA) closed 1% lower after it signed a memorandum of understanding with state-owned Majlis Amanah Rakyat to explore cooperation in renewable energy, aerospace and defense maintenance services.

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