Malaysian Shares Mirro Regional Gains to Extend Six-Session Winning Streak;
Malaysian shares ended in the green on Wednesday, extending gains of the previous four sessions. The index closed higher in line with a positive regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 15.51 points to end 0.9% higher at 1,748.17.In corporate news, shares of Gamuda (KLSE:GAMUDA) gained about 5% on Wednesday's close after its unit Gamuda Engineering secured a 1.71 billion ringgit contract to construct a hyperscale data center in Negeri Sembilan, Malaysia. The project was awarded by a US-headquartered multinational technology companyWhereas, shares of Vestland (KLSE:VLB) dropped about 5% on close after it submitted an application to Bursa Malaysia Securities for the listing of new shares to be issued under the company's proposed private placement. The application was filed on Tuesday, a day after Vestland announced the fundraising proposal.Sarawak Plantation (KLSE:SWKPLNT) produced 31,898.3 metric tonnes of fresh fruit bunches in July, up 25% from 25,593.4 tonnes in June. Crude palm oil production increased 16% month on month to 7,429.31 tonnes, while palm kernel output rose 23% to 1,597.68 tonnes.
