Malaysian shares extended gains to end the week in green zone, mirroring regional gains. The investor sentiment was positive on hopes of continued peace talks between the US and Iran.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 17.22 points to end 1% higher at 1,679.05.
In corporate news, shares of TFP Solutions (KLSE:TFP) gained over 7% on Friday's close after its unit, Softfac Technology signed an agreement with Pluotos Entertainment to become the exclusive ticketing management systems provider for the latter's future concerts, festivals and other ticketed entertainment events.
Proton's (KLSE:PROTON) first-half vehicle sales surged 39.1% from a year earlier to 100,346 units. This marks the carmaker's strongest January-June performance in 15 years and places it halfway toward its 2026 sales target of 200,000 vehicles.
Meanwhile, Favelle Favco (KLSE:FAVCO) unit, Favelle Favco Cranes (M) secured purchase orders and a letter of intent worth about 504 million ringgit to supply offshore and tower cranes. Shares gained marginally on Friday's close.
Moreover, Ekonusa is gearing up for an initial public offering on the ACE Market of Bursa Malaysia, seeking a listing through a public issue of 121 million new shares and an offer for sale of 24 million existing shares.