Malaysian Shares Erase Gains to End in Red; Mr DIY Group Drops Nearly 2%

MT Newswires Live11-14

Malaysian shares pared gains of the previous session to end in the red zone on Thursday, amid mixed market sentiment.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 10.82 points to end 0.67% lower at 1,600.68. The day range was between 1,598.64 and 1,615.84.

In corporate news, shares of Mr DIY Group (M) (KLSE:MRDIY) slid about 2% on close, as its profit attributable to shareholders for the third quarter dropped to 121.6 million pesos from 123.9 million pesos a year earlier.

Whereas, shares of Dayang Enterprise Holdings (KLSE:DAYANG) jumped over 4% on close after its unit Dayang Enterprise bagged two deals to provide pan-Malaysia maintenance, construction, and modification (MCM) as well as hook and commissioning (HUC) services to PETRONAS Carigali.

Scientex (KLSE:SCIENTX) closed marginally higher after it proposed to launch a multi-currency Islamic medium-term bonds program with a total nominal value of up to 1.5 billion ringgit.

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