Malaysian shares ended in the red zone on Tuesday, paring gains from the previous three sessions. The index opened relatively higher but lost steam towards the day's end, mirroring regional sentiment.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 8.68 points to end 0.56% lower at 1,544.96. The day ranged between 1,544.96 and 1,552.10.
In economic news, Malaysia is expected to trim crude palm oil prices are anticipated to the 3,800 ringgit to 4,000 ringgit per tonne trading range in April, from the current level of 4,250 per tonne, said the Malaysian Palm Oil Council (MPOC) said.
In corporate news, shares of the metal stamping company Ge-Shen (KLSE:GESHEN) dropped 5%, and those of the natural gas distribution company Petronas Gas (KLSE:PETGAS) slid over 1%.
Conversely, shares of the confectioneries maker Apollo Food (KLSE:APOLLO) jumped over 21% today and those of the construction company Sunway (KLSE:SUNWAY) rose 7% on Tuesday's close.