Malaysian Shares Extend Winning Streak Despite Renewed Unrest in Middle East

MT Newswires Live17:50

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.

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