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.
Cahya Mata Sarawak Bhd (KL:CMSB) climbed to a six-week high after electricity was reconnected to its phosphate plant, ending more than two years of outage and clearing a major operational hurdle. Key Developments Power restoration: Removes a key overhang, allowing uninterrupted commissioning progress at the phosphate facility. Phosphate division outlook: Expected to be CMSB’s medium-term earnings driver once the arbitration dispute with Syarikat Sesco Bhd is resolved and commercialisation begins. Earnings contribution: MBSB Research projects positive contributions from FY2026, with long-term gross profit potential of RM150 million . Market Reaction Share price: Rose as much as 8% to RM1.29 (highest since July 28), before closing at RM1.21. Trading volume: 13.8 million shares traded — more than double the 90-day moving average. Market cap: RM1.32 billion at closing price. Analyst calls: Both MBSB and Maybank IB maintain ‘buy’ ra...