Malaysian Shares Extend Losses Amid Mixed Regional Performance; NuEnergy's Shares Gain 3%
Malaysian shares ended in the red on Tuesday, extending yesterday's losses. The index bucked a mixed regional sentiment after the US and Iran agreed to pause military strikes.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 1.85 points to end 0.11% lower at 1,664.06.In economic news, Malaysia's broad money supply (M3) expanded 5.8% year over year to 2.640 trillion ringgit in May, according to data from Bank Negara Malaysia. The pace of growth accelerated from 4.99% in April. Monthly, M3 rose 0.47%, also speeding up from the 0.02% monthly increase in April.In corporate news, shares of the renewable energy company NuEnergy (KLSE:NHB) gained 3% on close after its unit IL Energy has extended the completion deadline for its 68 million ringgit acquisition of solar assets from Armani Energy to Sept. 30 from June 30.SC Estate Builder (KLSE:SCBUILD) posted a profit attributable to owners of 779,000 ringgit in the fiscal first quarter ended April 30, down slightly from 795,000 ringgit a year earlier. shares ended flat on Tuesday's close.
