Malaysian Shares End in Red Mirroring Regional Jitters; MNRB's Shares Gain 4%
Malaysian blue-chip index end in red on Monday, mirroring a downbeat performance of regional peers. The investor sentiment turned bleak amid uncertainty over US plans for Iran.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 0.2 points to end 0.01% lower at 1,736.33.In economic news, Malaysia's leading index rose 0.02% month over month in June, according to the Department of Statistics Malaysia data. The pace of growth fell short of the Trading Economics forecast of 0.4% growth.Malaysia's coincident index, which measures current economic performance, rose 2.6% month over month in June to 131.6 points from 131.2 points in May.The Malaysian state of Johor has attracted potential investments worth 5 billion ringgit, Chief Minister Onn Hafiz Ghazi said in a Friday Facebook post after a series of meetings with investors during his recent visit to Singapore.In corporate news, shares of MNRB (KLSE:MNRB) gained about 4% on close after Bank Negara Malaysia approved its acquisition of an 80% stake in Labuan Reinsurance for $100.7 million.PETRONAS Dagangan's (KLSE:PETDAG) profit attributable to shareholders rose to 387.2 million ringgit in the second quarter of 2026 from 265.5 million ringgit a year ago. Shares gained 2% on Monday's close.
