Malaysian Shares End in Green Bucking Regional Losses
Malaysian shares ended in the green on Thursday, as investor interest rebounded, bucking regional losses.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 10.5 points to end 0.6% higher at 1,683.26. The day range was between 1,673.70 and 1,689.83.In local news, Malaysia's gas supply remains stable, with most electricity generation still backed by domestic sources, while the government continues to monitor the energy sector amid global uncertainties, The Star reported, citing Science, Technology and Innovation Minister Datuk Chang Lih Kang.In corporate news, shares of Petronas Gas (KLSE:PETGAS) gained over 1% on close after it signed a binding heads of agreement with Tenaga Nasional (KLSE:TENAGA) unit Integrax, to jointly develop the third regasification terminal (RGT-3) in Perak, Malaysia. The project will be developed through a special purpose vehicle, and is based on a floating storage regasification unit (FSRU) conceptWhereas, shares of Velesto Energy (KLSE:VELESTO) slid about 2% on Thursday's close after its unit Velesto Sumber secured a contract from Northern Gulf Petroleum to provide jack-up drilling services offshore Thailand.
