Malaysian Shares End in Red on Profit Taking Amid Global Tech Rout

MT Newswires Live02-05

Malaysian stocks erased gains of the previous session to end in the red on Thursday due to profit-taking activities. The investors could not find positive cues amid a global tech rout.

The FTSE Bursa Malaysia KLCI shed 11.80 points to end 0.7% lower at 1,731.02. The day range was between 1,731.02 and 1,747.18.

In corporate news, Kee Ming Group's initial public offering (IPO) of 82.88 million shares on the ACE Market of Bursa Malaysia was oversubscribed 54.16 times. The IPO comprised a public issue of 66.6 million new shares, and an offer for sale of 16.3 million existing shares at 0.38 ringgit per share.

Shares of Malaysian Pacific Industries (KLSE:MPI) closed about 2% lower on Thursday after it completed the acquisition of the entire equity interest in Infineon Technologies (Thailand) for $76.9 million.

Shares of Sunway (KLSE:SUNWAY) also fell over 1% on close after its indirect unit Sunway Property (Australia) applied for voluntary deregistration in Australia. The unit has remained dormant since its inception.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2609378657?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-05 17:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609378657","market":"sg","top_or_hot":-1,"title":"Malaysian Shares End in Red on Profit Taking Amid Global Tech Rout","media":"MT Newswires Live","content":"<html><body><p> Malaysian stocks erased gains of the previous session to end in the red on Thursday due to profit-taking activities. The investors could not find positive cues amid a global tech rout.</p><p>The FTSE Bursa Malaysia KLCI shed 11.80  points to end 0.7% lower at 1,731.02. The day range was between 1,731.02 and 1,747.18.</p><p>In corporate news, Kee Ming Group's initial public offering (IPO) of 82.88 million shares on the ACE Market of Bursa Malaysia was oversubscribed 54.16 times. The IPO comprised a public issue of 66.6 million new shares, and an offer for sale of 16.3 million existing shares at 0.38 ringgit per share.</p><p>Shares of Malaysian Pacific Industries (KLSE:MPI) closed about 2% lower on Thursday after it completed the acquisition of the entire equity interest in Infineon Technologies (Thailand) for $76.9 million.</p><p>Shares of Sunway (KLSE:SUNWAY) also fell over 1% on close after its indirect unit Sunway Property (Australia) applied for voluntary deregistration in Australia. The unit has remained dormant since its inception.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysian Shares End in Red on Profit Taking Amid Global Tech Rout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysian Shares End in Red on Profit Taking Amid Global Tech Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-02-05 17:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Malaysian stocks erased gains of the previous session to end in the red on Thursday due to profit-taking activities. The investors could not find positive cues amid a global tech rout.</p><p>The FTSE Bursa Malaysia KLCI shed 11.80  points to end 0.7% lower at 1,731.02. The day range was between 1,731.02 and 1,747.18.</p><p>In corporate news, Kee Ming Group's initial public offering (IPO) of 82.88 million shares on the ACE Market of Bursa Malaysia was oversubscribed 54.16 times. The IPO comprised a public issue of 66.6 million new shares, and an offer for sale of 16.3 million existing shares at 0.38 ringgit per share.</p><p>Shares of Malaysian Pacific Industries (KLSE:MPI) closed about 2% lower on Thursday after it completed the acquisition of the entire equity interest in Infineon Technologies (Thailand) for $76.9 million.</p><p>Shares of Sunway (KLSE:SUNWAY) also fell over 1% on close after its indirect unit Sunway Property (Australia) applied for voluntary deregistration in Australia. The unit has remained dormant since its inception.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IPO","symbol_name":"Renaissance IPO ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2609378657","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609378657","pubTimestamp":1770284827,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Malaysian stocks erased gains of the previous session to end in the red on Thursday due to profit-taking activities. The investors could not find positive cues amid a global tech rout.The FTSE Bursa Malaysia KLCI shed 11.80  points to end 0.7% lower at 1,731.02. The day range was between 1,731.02 and 1,747.18.In corporate news, Kee Ming Group's initial public offering  of 82.88 million shares on the ACE Market of Bursa Malaysia was oversubscribed 54.16 times. The IPO comprised a public issue of 66.6 million new shares, and an offer for sale of 16.3 million existing shares at 0.38 ringgit per share.Shares of Malaysian Pacific Industries  closed about 2% lower on Thursday after it completed the acquisition of the entire equity interest in Infineon Technologies  for $76.9 million.Shares of Sunway  also fell over 1% on close after its indirect unit Sunway Property  applied for voluntary deregistration in Australia. The unit has remained dormant since its inception.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IPO":"Renaissance IPO ETF"},"translate_title":"全球科技股暴跌，马来西亚股市因获利了结而收红","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPO":1},"content_text":"Malaysian stocks erased gains of the previous session to end in the red on Thursday due to profit-taking activities. The investors could not find positive cues amid a global tech rout.The FTSE Bursa Malaysia KLCI shed 11.80  points to end 0.7% lower at 1,731.02. The day range was between 1,731.02 and 1,747.18.In corporate news, Kee Ming Group's initial public offering (IPO) of 82.88 million shares on the ACE Market of Bursa Malaysia was oversubscribed 54.16 times. The IPO comprised a public issue of 66.6 million new shares, and an offer for sale of 16.3 million existing shares at 0.38 ringgit per share.Shares of Malaysian Pacific Industries (KLSE:MPI) closed about 2% lower on Thursday after it completed the acquisition of the entire equity interest in Infineon Technologies (Thailand) for $76.9 million.Shares of Sunway (KLSE:SUNWAY) also fell over 1% on close after its indirect unit Sunway Property (Australia) applied for voluntary deregistration in Australia. The unit has remained dormant since its inception.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2609378657","isCrawlerRequest":true}