Malaysian Shares ended gains of the previous sessions to end marginally in the red zone on Thursday amid mixed regional performance.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 7.90 points to end 0.50% lower at 1,582.85. The day range was between 1,580.16 and 1,583.82.
In economic news, Malaysia's industrial production index rose 4.2% year on year in July, faster than the 2.9% growth in the previous month, according to data released by the Department of Statistics Malaysia. The expansion was driven by the manufacturing sector, which rose by 4.4%, faster than the 3.6% rise in June.
In corporate news, Express Powerr Solutions (M) said the public issue of 46.7 million new shares made available for application by the Malaysian public have been oversubscribed by 13.55 times. The generator rental firm received 8,338 applications for 679.9 million new shares from the Malaysian public.
Shares of LFE's (KLSE:LFECORP) dropped about 6% on close after the timeframe to implement its private placement of up to 10% of its total issued shares lapsed on Wednesday. The company decided not to place out the remaining shares, and the exercise is deemed completed.