Malaysian shares sag

Malaysian shares closed down 0.25 percent on Monday due to profit-taking in selected blue chips, dealers said. The Kuala Lumpur Composite Index lost 2.65 points to 1,072.85. Gainers outnumbered losers 372 to 323. "Retail investors were fairly active, driving up laggard-penny stocks and small-cap issues but profit-taking narrowed gains toward the close," one dealer told Dow Jones Newswires.
The key index is expected to trade between 1,060 and 1,080 points on Tuesday, he added. Among losers, Genting lost 1.70 percent to 5.90 ringgit and Tanjong was down 2.90 percent to 13.20. On the upside, Dutaland gained 15.20 percent to 0.72 ringgit while Unisem rose 7.50 percent to 1.29.