KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
The final day of the Dewan Rakyat sitting will spotlight key topics, including the future of the franchise industry, flood aid for farmers, and the establishment of the Malaysian Ombudsman.
Key Highlights:
1. Franchise Industry Development
- Young Syefura Othman (PH-Bentong) will address:
- Statistics on franchise entrepreneurs in Malaysia.
- Malaysia’s role in shaping international franchise regulations as the chair of the Asia-Pacific Franchise Confederation’s annual meeting.
- Measures to enhance the global competitiveness of the Malaysian franchise industry.
2. Flood Aid for Farmers
- Datuk Idris Ahmad (PN-Bagan Serai) will:
- Query the minister of agriculture and food security on ensuring timely and fair aid distribution to farmers affected by floods.
- Highlight concerns about leakages and unfair practices in the aid distribution mechanism.
3. Malaysian Ombudsman
- Teresa Kok Suh Sim (PH-Seputeh) will:
- Seek an update from the prime minister on the status of the Malaysian Ombudsman.
- Request clarity on the timeline for implementation, which aims to enhance public accountability and address grievances effectively.
4. STEM Education
- Lee Chean Chung (PH-Petaling Jaya) will:
- Ask the minister of education about plans to make STEM learning more engaging for school students, addressing a critical area for Malaysia’s future workforce.
Legislative Agenda:
The Dewan Rakyat will proceed with:
- First Readings:
- Bernama (Amendment) Bill 2024
- Malaysian Media Council Bill 2024
- Second Readings:
- Water Services Industry Bill (Amendment) 2024
- Sarawak Labor Ordinance (Amendment) Bill 2024
- Data Sharing Bill 2024
Session Summary:
- The Dewan Rakyat sitting concludes today after 35 days of deliberations since October 14.
- These discussions will shape policies that influence entrepreneurship, agriculture, education, and public governance moving into 2025.
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