Malaysian shares rebounded from early falls to end up on Tuesday, led by shipping firm MISC ahead of its quarterly results on Wednesday. Activity was extremely light due to a holiday-shortened week. The market is closed from Thursday through Tuesday to mark the Hindu Diwali and Muslim Eidul Fitr festivals.
The key Kuala Lumpur Composite Index finished the day 0.40 percent up at 876.37, still within recent ranges.
Except for Telekom Malaysia which headed down, most index heavyweights including MISC and Tenaga Nasional forged ahead on select fund-buying before the long break.
MISC jumped to a record high of 14.40 ringgit ($$3.78) but ended the day 2.1 percent up at 14.30 ringgit.
The company is expected to report a 42 percent rise in second-quarter net profit on the back of strong shipping rates and LNG demand.
Power utility Tenaga gained 0.9 percent to 11.10 ringgit.
Top lender Maybank managed to close flat at 11.10 ringgit on late buying, after falling as much as 0.9 percent.
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