Malaysian Shares End in Red Amid Oil Price Concerns, Mixed Regional Cues
Malaysian shares ended losses to end in the red zone, amid a mixed regional performance. The investors could not find positive cues as rising oil prices continue to burden the economy.The FTSE Bursa Malaysia KLCI shed 3.07 points to end 0.2% lower at 1,717.27 The day range was between 1,717.27 and 1,731.79.In economic news, Malaysia's Producer Price Index (PPI) rose 1.1% year on year in March, reversing a 3.4% decline in February and marking the first increase since March 2025, the Department of Statistics Malaysia reported.The mining sector surged 26.5%, driven by a 38.5% jump in crude oil extraction, while the water supply index rose 11.3% and electricity and gas supply increased 9.6%.In corporate news, Gold Li (KLSE:GOLDLI) is seeking to raise 15.2 million ringgit via an IPO on the ACE Market of Bursa Malaysia. The property developer's IPO entails a public issue of 117 million new shares at 0.13 ringgit each, and an offer for sale of 36 million shares.Shares of Dialog Group (KLSE:DIALOG) gained about 3% on close after it completed the disposal of Dialog Diyou PCR via its unit Dialog Chemicals.