Malaysian Shares Ended in Red after Islamabad Peace Talks Ended Without Deal; Mobilia's Shares Drop 6%
Malaysian shares closed lower on Monday, reversing the gain in the previous session and mirroring regional losses after US-Iran discussions in Islamabad ended in a deadlock.The FTSE Bursa Malaysia KLCI shed 10.79 points to shed 0.6% lower at 1,680.52. The day range was between 1,675.64 and 1,685.52.In local news, foreign investors continued their momentum on Bursa Malaysia, registering net inflows of 470.3 million ringgit and extending their buying streak to three consecutive weeks, The Star reported, citing MBSB Investment Bank. Foreign funds were net purchasers on most trading sessions during the week ended April 10, with notable inflows across several days led by mid-week activity.In corporate news, shares of Mobilia (KLSE:MOBILIA) fell about 6% on Monday's close after it said it is seeking its shareholders' approval to renew its share buyback authority to purchase up to 10% of the issued shares in the company's upcoming annual general meeting.