Malaysian Shares Ended Lower, Mirroring Regional Losses; M N C Wireless' Shares Plunge 23%
Malaysian shares closed lower on Thursday, reversing yesterday's gains, mirroring regional losses.Investors turned cautious after Donald Trump reaffirmed plans to keep US forces deployed around Iran until a "real agreement" is secured, ahead of talks in Islamabad, Pakistan.The FTSE Bursa Malaysia KLCI shed 10.07 points to shed 0.6% lower at 1,686.24. The day range was between 1,680.01 and 1,692.65.In economic news, the World Bank projected the Malaysian economy to expand 4.4% in 2026, at a softer pace than 5.2% growth in 2025. The bank highlighted that the country will benefit from surging AI-related exports and investment.In corporate news, shares of M N C Wireless (KLSE:MNC) slumped 23% on Thursday's close after it disclosed plans to launch the e-SIJIL platform, aimed at sectors such as government, finance, education, and legal, to streamline the creation, verification, archiving, and sharing of secure digital documents.
