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.
Quick Summary Montage Technology shares jumped up to 64% , closing 57% higher in their Hong Kong debut US$902 million IPO marks the biggest opening-day gain in five years for deals of similar size Rally highlights strong investor appetite for China AI and semiconductor stocks Valuation gap with Shanghai listing fueled demand What Happened Shares of Montage Technology Co surged on their first day of trading in Hong Kong after the chip designer raised US$902 million in one of the city’s most eye-catching IPOs in recent years. IPO price: HK$106.89 (top of the range) Close: HK$175 Opening-day gain: ~57% (peaked at +64%) The offering involved 65.9 million shares and was priced at a 44% discount to Montage’s Shanghai-listed shares, which closed at 170.90 yuan prior to the deal. Why Investors Piled In Strong AI momentum: Persistent demand for China AI-related sto...