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.
Capital A Bhd may face a delay in exiting PN17 status , with analysts now expecting the upliftment timeline to shift to August 2026 , instead of the earlier May–June target. PN17 Exit Hinges on Profitability Track Record Despite completing the disposal of its aviation business in December 2025, Capital A must still deliver two consecutive profitable quarters to meet Bursa Malaysia’s PN17 exit requirements . According to Maybank Investment Bank, the group may not be able to rely on its 4QFY2025 results , and instead will likely need to demonstrate profitability in 1QFY2026 and 2QFY2026 . Management is reportedly seeking a regulatory waiver to use historical profits, though approval remains uncertain. Impact from AirAsia X Valuation Decline The ongoing Middle East conflict and rising fuel costs have affected the valuation of AirAsia X Bhd , in which Capital A holds a 20% stake . AAX shares have fallen about 39% ...