Malaysian Shares Rebound Midweek, Mirroring Regional Gains
Malaysian shares ended in the green on Wednesday, reversing yesterday's losses. Investor sentiment mirrored an upbeat regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 3.08 points to end 0.2% higher at 1,715.56.In economic news, Bank Negara Malaysia (BNM) Governor Abdul Rasheed Ghaffour said the Malaysian economy is "well on track " to grow 4%-5% in 2026, and likely to be in the upper range, despite the energy crisis due to the war in the Middle East, with manageable inflation.The economy expanded by 5.2% in 2025, with contained inflation and the ringgit being the region's best-performing currency, through "carefully designed and sequenced reforms", he said at the opening of the two-day Sasana Symposium 2026.In corporate news, shares of Swift Energy Technology (KLSE:SET) dropped 2% on Wednesday's close after its subsidiaries received multiple purchase orders worth a total of 17 million Malaysian ringgit. The contracts are for the supply of electrical and navigational systems to energy and data center projects in Malaysia, Indonesia and Myanmar.Whereas, shares of Mah Sing's (KLSE:MAHSING) gained 2% on today's close after its unit, Elite Park Development, had a claim brought to the Kuala Lumpur High Court against Zulhkiple Abu Bakar and two others dismissed. The court allowed the first defendant's counterclaim of 114,088 million ringgit and ordered the property developer's subsidiary to pay total costs of 1.7 million ringgit to all the defendants.
