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.
Is the Housing Crisis Pushing You to the Polls? How Soaring Prices and Mortgage Rates Could Shape Your Vote This November
As Americans head to the polls this November, the state of the nation’s housing market may be a decisive factor in how they cast their votes. For millions, the dream of homeownership seems more distant than ever, with sky-high home prices, mortgage rates at levels unseen since before the 2008 financial crisis, and a persistent housing shortage failing to meet demand. Both leading presidential candidates, Vice President Kamala Harris and former President Donald Trump, are spotlighting housing as a critical issue. Building on plans from President Joe Biden, Harris recently unveiled a series of initiatives aimed at addressing the crisis. Her proposals include up to $25,000 in down-payment assistance for first-time homebuyers, a $10,000 tax credit for first-time buyers, and tax incentives to spur the construction of starter homes and affordable rental housing. While some experts have praised aspects of Harris’s plan, others have expressed skepticism about its effectiveness. On the other ...