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.
Crest Group Bhd made its ACE Market debut, with shares rising 13% following its RM82.11 million initial public offering (IPO). The stock opened at 39.5 sen , compared to its IPO price of 35 sen per share , reaching a high of 40 sen before settling at 37 sen around 9:10 a.m. after more than 42 million shares were traded. At this price, Crest Group’s market capitalization stood at RM320 million .