Malaysian Shares End in Red Amid Regional Jitters; Oasis Harvest Shares Rise 5%
Malaysian shares closed lower on Thursday, with the FTSE Bursa Malaysia KLCI down 0.51% at 1,705.52 points, joining peers across Asia in the red zone amid continued global jitters.The country's total palm oil stocks grew by 196,590 tonnes, or 7.5%, to 2.82 million tonnes in August from a month earlier, data from the Malaysian Palm Oil Board showed. Crude palm oil stocks rose 15% to 1.64 million tonnes in August from 1.42 million tonnes in July.In corporate news, SLGC (KLSE:SLG) seeks to raise 29.4 million ringgit via an initial public offering on the ACE Market of Bursa Malaysia. The construction company expects to start trading Oct. 6.Shares of Oasis Harvest (KLSE:OASIS) rose 5% on close after it said it will list 73.6 million rights shares on Bursa Malaysia's Main Market on Sept. 14.Jaya Tiasa (KLSE:JTIASA) produced 93,452 metric tonnes of fresh fruit bunches in August. Crude palm oil production totaled 22,183 metric tonnes, while palm kernel production came in at 5,000 metric tonnes. Shares ended 1% lower on Thursday.
