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Malaysia: Shares end lower on Wednesday

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Malaysian stocks recorded their biggest advance in two years, led by a rally in state-controlled companies, after Prime Minister Najib Razak said the government will tap a fund to support the nation's equities.

MALAYSIAN shares ended lower on Wednesday with the Kuala Lumpur Composite Index slipping 26.78 points to close at 1,609.93.

Some 2.49 billion lots, valued at RM2.29 billion were traded. Gainers numbered just 96 while losers numbered 973.