Malaysian shares ended in losses on Wednesday on profit-taking activities for the third straight session.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.34 points to end 0.39% lower at 1,599.79.
The index slightly opened comparatively higher but kept paring gains throughout the day to end in losses. The day range was between 1,599.79 and 1,609.22. Losers outnumbered gainers.
In corporate news, Singtel (SGX:Z74) unit Nxera MY inked a conditional joint venture deal with TM DC Educity, a unit of Telekom Malaysia (KLSE:TM), to develop and operate a data center campus in Johor, Malaysia.Under the deal, Nxera MY will hold a 49% stake in the newly incorporated ST Dynamo DC, with TM DC Educity holding the remaining 51%.
Elsewhere, dual listed Top Glove (SGX:BVA, KLSE:TOPGLOV) booked a profit attributable to owners of 50.7 million ringgit, reversing a loss of 130.6 million ringgit a year ago. Earnings per share were 0.0063 ringgit, versus a per-share loss of 0.0163 ringgit.
In corporate news, shares of Hong Seng Consolidated (KLSE:HONGSENG), a provider of gloves manufacturing and other services, slumped over 33%, and those of the software company Metronic Global (KLSE:MTRONIC) dropped 20% on Wednesday's close.