Malaysian Shares Rebound on US-Iran Peace Progress; Malton's Shares Rally 17%
Malaysian shares ended in the green on Wednesday, erasing losses of the previous sessions. Investor sentiment rebounded as the US and Iran negotiated a peace framework, including the establishment of a communication line to avoid incidents.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 2.21 points to end 0.1% higher at 1,682.13.In corporate news, shares of Malton (KLSE:MALTON) jumped over 17% on today's close after it signed a memorandum of understanding with Ricloud, an NVIDIA Cloud Partner, to explore the development and promotion of AI compute centers in MalaysiaShares of PRG (KLSE:PRG) rose about 6% on close after it appointed PKF to review deals between its unit Premier Construction International, and Premier De Muara. PRG sought the review after terminating a proposed debt settlement agreement and raising concerns over related-party disclosures involving Premier De Muara.Shares of Aemulus (KLSE:AEMULUS) gained over 4% on Wednesday's close after it completed the acquisition of intellectual property, technology and roadmap related to CMOS image sensor (CIS) and light source, valued at 32.5 million yuan.
