Asia
Malaysian Shares End in Green Amid Mixed Regional Performance; Tomypak's Shares Drop 3%
Malaysian shares ended flat but in the green ahead of a holiday, amid a mixed regional performance, and despite continued widespread selling pressure.The FTSE Bursa Malaysia KLCI gained 1points to end 0.1% higher at 1,722.02. The day range was between 1,712.14 and 1,722.03.In economic news, Malaysia's international reserves stood at $126.6 billion at end-March, according to data released by the central bank. Other foreign currency assets were recorded at $69 million, with the breakdown outlining expected inflows and outflows over the next 12 months.Moreover, Malaysia's Ministry of Finance has directed all ministries and agencies to restructure their operating budgets, citing pressure from global supply disruptions and rising subsidy costs that are weighing on public finances. The step is part of a broader effort to manage spending prudently and make better use of government resources, the finance ministry said.In corporate news, shares of Tomypak (KLSE:TOMYPAK) fell over 3% on close after the company disclosed plans to undertake a private placement of up to 43.1 million new shares, representing 10% of its issued share capital.Australia's AirTrunk will raise its investment in Malaysia by an additional 12 billion ringgit this year, lifting its total committed investment to 27 billion ringgit, The Star reported, citing Prime Minister Anwar Ibrahim. The announcement followed a courtesy visit on Wednesday by AirTrunk founder and CEO Robin Khuda and his delegation, where discussions focused on ongoing data centre developments in Johor, Malaysia.
FTSE Bursa Malaysia KLCIKLSE:TOMYPAK