Malaysian shares ended in the positive zone on Thursday, erasing the previous session's losses, as investor sentiment improved after the country's 2023 inflation data indicated a softer rise in consumer prices.

The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 7.88 points to end 0.49% higher at 1,611.11.

In economic news, Malaysia's headline inflation rose 2.5% annually in 2023, slower than the 3.3% rise in the year prior, according to a Thursday release from the Department of Statistics.

The consumer price index rose to 130.4 from 127.2 in the previous year, the department said.

In corporate news, shares of fast-food restaurant franchise operator Borneo Oil (KLSE:BORNOIL) skyrocketed 100%, while those of the management services provider Notion VTec (KLSE:NOTION) rallied about 36% today.