Malaysian Shares Extend Winning Streak Despite Renewed Unrest in Middle East
Malaysian shares ended in the green on Tuesday, extending yesterday's gains, as investors shrugged off renewed US-Iran hostilities and unrest in the Middle East.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 21.5 points to end 1% higher at 1,719.94.In corporate news, shares of Verdant Solar (KLSE:VERDANT) jumped about 8% on close after it completed the installation, testing and commissioning of a rooftop solar photovoltaic system at Montfort in Sabah, Malaysia.Shares of Bina Darulaman (KLSE:BDB) gained about 3% on Tuesday's close after the company and Energise decided to dissolve and exit their joint venture for green energy business.Ahmad Zaki Resources (KLSE:AZRB) unit Ahmad Zaki has been served with two winding-up petitions by Tenaga Nirwana, and Muhibbah Engineering (M), involving combined claims of about 1.8 million ringgit.
