Malaysian Shares Rebound Mirroring Regional Gains
Malaysian shares ended in the green on Monday, reversing Friday's losses. The investor sentiment mirrored an upbeat regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 12.07 points to end 0.7% higher at 1,713.09.In corporate news, Malaysian sovereign wealth fund Khazanah Nasional sold shares worth 1.39 billion Malaysian ringgit in Tenaga Nasional (KLSE:TENAGA), Bloomberg reported, citing sources. On July 21, Khazanah placed 100 million shares of the state-owned power company for sale at 13.91 ringgit each, with settlement on July 24, sources told Bloomberg.Shares of Zetrix AI (KLSE:ZETRIX) slid over 2% on today's close after it applied to Bursa Malaysia Securities for the listing and quotation of new shares to be issued under its dividend reinvestment plan.Aneka Jaringan (KLSE:ANEKA) completed its acquisition of a 51% stake in P3 International after paying the purchase consideration to the vendor. Shares ended flat on Monday.
