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.
Key Takeaway: As ASEAN chair for 2025 , Malaysia commits to net-zero greenhouse gas emissions by 2050 and aims to position itself as a hub for green investment. Malaysia’s role at COP29 is pivotal in setting a strong climate agenda as it prepares to lead ASEAN next year . Malaysia has pledged to reach net-zero emissions by 2050 and is showcasing climate action milestones at its “Shift for Sustainability: Climate Action Now!” pavilion, demonstrating the country’s dedication to sustainability, inclusivity, and green innovation . With a 250-member delegation led by Natural Resources and Environment Sustainability Minister Nik Nazmi Nik Ahmad, Malaysia is focused on seven key areas: finance and economy, trade and industry, natural resources, energy, technology and innovation, sustainable development, and youth adaptation . These strategic clusters support ASEAN’s 2025 vision of inclusivity and sustainability and align with Malaysia’s green growth strategy, which has attracted RM10 b...