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.
Shares Rebound After Suspension Dongfeng Motor Group Co. surged as much as 69% to HK$10.10 in Hong Kong on Monday, the steepest jump in six months, after trading resumed following a two-week halt. The rally came on the back of long-awaited restructuring plans involving a privatization and spin-off listing of its luxury EV unit, Voyah . Transaction Details Privatization Offer: Shareholders will receive HK$6.68 in cash plus 0.3552608 Voyah H-shares for each Dongfeng share. Implied Value: HK$10.85 per share, according to company filing. Voyah Listing: Aimed at unlocking value in Dongfeng’s luxury new-energy vehicle (NEV) business, with the spin-off designed to highlight growth potential in China’s booming EV sector. Strategic Rationale Valuation Gap: Dongfeng has consistently traded at a steep discount to book value . Analysts note its cash and equivalents nearly double its market cap , un...