Malaysian Shares End in Red Amid Mixed Regional Cues, Oil Price Concerns; Jasa Kita's Shares Rally 13%
Malaysian shares ended in the red zone mid-week, 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 9.18 points to end 0.5% lower at 1,720.42. The day range was between 1,718.45 and 1,733.84.In economic news, Malaysia's inflation rose 1.4% in 2025, with the consumer price index increasing to 134.6 from 132.8 a year earlier, the Department of Statistics Malaysia said. The uptick was mainly driven by a 1.6% rise in housing and utilities prices, a 1.2% increase in health index, and a 1.1% rise in recreation and culture, among others.In local news, Malaysia is seeing early signs of cost pressures in its domestic food supply chain, although price movements for selected food items remain within a controlled range, The Star reported.In corporate news, Skyechip (KLSE:SKYECHIP) is seeking to raise 352 million ringgit via an IPO on the ACE Market of Bursa Malaysia. The integrated circuit (IC) design company's IPO entails a public issue of 400 million new shares at 0.188 ringgit each.Shares of Jasa Kita (KLSE:JASKITA) jumped about 13% on close after it disclosed plans to acquire a 100% stake in KT System for 10 million ringgit.
