Malaysian Shares Extend Gains Bucking Downbeat Regional Performance; Steel Hawk's Shares Rise 7%
Malaysian shares ended in the green on Thursday, extending yesterday's gains. The index bucked a largely weaker regional trend, after the US held interest rates steady.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 4.84 points to end 0.3% higher at 1,720.40.In economic news, Mainland Chinese companies are increasingly looking at ASEAN for overseas expansion, with Malaysia as one of the preferred investment destinations in the region, according to preliminary survey findings by the Hong Kong Trade Development Council. Malaysia was Hong Kong's third-largest ASEAN trading partner in 2025, while Hong Kong was Malaysia's second-largest investor after Singapore, with cumulative foreign direct investment of $34.8 billion at the end of 2025.In corporate news, shares of Steel Hawk (KLSE:SKHAWK) jumped 7% on today's close after its unit Steel Hawk Manufacturing agreed to subscribe for a 55% stake in engineering and oil and gas services company Sparksfly for 1.1 million ringgit in cash.Sunway Healthcare's (KLSE:SUNMED) subsidiary, Sunway Medical Centre, signed an agreement to acquire four parcels of freehold land in Johor for 45.4 million ringgit. Shares ended flat today.