Malaysian shares ended in the red zone on Tuesday, tracking Wall Street performance overnight. The index mirrored the regional sentiment.
The investor sentiment was dragged down by fading hopes of the U.S. rate cuts in July, following a hot inflation report.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 7.53 points to end 0.49% lower at 1,535 at the close. The day ranged between 1,532.49 and 1,541.59.
Malaysia's short-term interbank rates closed steadily today on the central bank's operations to absorb surplus liquidity from the financial system.
Liquidity in the traditional system fell to 24.78 billion ringgit from 26.64 billion ringgit this morning, while liquidity in Islamic funds eased to 15 billion ringgit from 15.63 billion ringgit, previously.
In corporate news, shares of the energy storage solution provider Techna-X (KLSE:TECHNAX) plunged over 33% today, and those of the distributor of fresh and frozen foods Saudee Group (KLSE:SAUDEE) dropped about 17%.
