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.
As of Q3 2024, highway-related projects worth RM15.09 billion have been awarded to Bumiputera contractors , nearing last year's total allocation of RM15.1 billion , according to Deputy Works Minister Datuk Seri Ahmad Maslan. Key Highlights Increased Participation : 1,631 G1 Bumiputera companies secured RM335 million in projects this year, a slight increase from the RM333 million awarded to 1,585 companies in 2023. Infrastructure Development : This reflects the growing contribution of Bumiputera contractors to Malaysia’s infrastructure projects, showcasing their capability and commitment. Matchmaking Programme The announcement was made during the Bumiputera Contractors Association with Highway Concessionaires Matchmaking Programme , aimed at further boosting Bumiputera participation in highway projects. Statements from Officials Ahmad Maslan emphasized the programme’s role in enhancing Bumiputera contractors’ economic share. Senior officials from...