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.
Tanco Holdings Bhd's 79%-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), has signed a memorandum of understanding (MOU) with Hong Kong-listed Cosco Shipping Ports Ltd to explore a partnership for operating and managing its proposed smart AI container port in Port Dickson, Negeri Sembilan. Strategic Collaboration The MOU facilitates discussions between the two parties to establish a strategic relationship for the port's operations and management. Cosco Shipping, a globally recognized port logistics provider, is expected to bring its expertise to the project. “The MOU aims to develop a strategic relationship with a reputable and experienced global leader in port logistics for the operation and management of the port project,” Tanco stated in its Bursa Malaysia filing. Development Milestones June 2024: MHSB signed an earlier MOU with CCCC Dredging (Group) Co Ltd, one of the world's largest dredging firms, to assist in port development. January 2024: Malaysia’s Ministry o...