Malaysian Shares Begin Week Higher on Upbeat Manufacturing Data
Malaysian shares ended in green on Monday on upbeat investor sentiment following the release of positive manufacturing data.The FTSE Bursa Malaysia KLCI gained 17.8 points to end 1% higher at 1,739.77. The day range was between 1,725.01 and 1,739.77.Malaysia's manufacturing sector expanded at its fastest pace in four years in April, supported by stronger output and a return to growth in new orders, according to data released Monday by S&P Global. The S&P Global Malaysia Manufacturing Purchasing Managers' Index rose to 51.6 in April from 50.7 in March, marking a second straight month of expansion.In corporate news, T7 Global (KLSE:T7GLOBAL) slid about 2% after listing 9.2 million private placement shares.Meanwhile, Uzma (KLSE:UZMA) closed 1% lower after it signed a memorandum of understanding with state-owned Majlis Amanah Rakyat to explore cooperation in renewable energy, aerospace and defense maintenance services.
