Malaysian Shares Snap Four-Day Gains on US Inflation Concerns; Zetrix AI Rallies 18%

MT Newswires Live10-15

Malaysian shares snapped a four-session winning streak to end in the red on Thursday. The sentiment was in line with regional sell-off as U.S. inflation stoked concerns over further interest-rate hikes.

The blue-chip index FBM KLCI shed 0.3% or 4.02 points to end lower at 1,623.70.

Tourism Malaysia signed an MoU with Alipay+ to boost cross-border commerce and digitize merchant engagement across Malaysia's tourism economy. The partnership comes as tourists arrive in the country for Visit Malaysia 2026-2027.

In corporate news, shares of Zetrix AI (KLSE:ZETRIX) jumped over 18% on close after its operations remained unaffected by the ongoing joint investigation by the Royal Malaysia Police and the Malaysian Anti-Corruption Commission over unremitted public revenue.

Whereas, shares of AWC (KLSE:AWC), slid over 2% on close today after its unit Qudotech secured a subcontract worth 39.7 million ringgit for a hyperscale data center at Bandar Spring Hill, Malaysia, from Gamuda Engineering.

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