Malaysian Shares End Lower As Market Resumes After Vesak Holiday; Kronologi Asia' Shares Drop 4%
Malaysian shares ended in the red after the market reopened following the Vesak holiday. The investors could not find positive cues after the US and Iran resumed strikes against each other, reigniting uncertainty in the region.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, fell 10.3 points to end 0.6% lower at 1,672.74. The day range was between 1,672.74 and 1,693.09.In economic news, Malaysia is among the list of 60 economies that the US has found to have failed to properly prohibit or enforce restrictions on imports linked to forced labour, saying the practices undermine fair global trade, according to the U.S. Executive Office.In corporate news, shares of Kronologi Asia (KLSE:KRONO) dropped over 4% on close after it signed an exclusive Asia-Pacific partnership with Secuvy to boost AI-driven data clarity and governance across the region. The collaboration combines Kronologi Asia's data orchestration capabilities with Secuvy's AI-based data classification and filtering platform.Shares of Vantris Energy (KLSE:VANTNRG) slid about 2% on Wednesday's close after its external auditor Ernst & Young issued an unqualified audit opinion with no material uncertainty on its FY2026 financial statements, marking a key step toward exiting PN17 status . The company reducd borrowings to about 5.5 billion ringgit from 10.8 billion ringgit during the year, while the group returned to a positive net asset position of about 3 billion ringgit.
