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.
The Malaysian government has rolled out multiple initiatives to boost local electric vehicle (EV) production and support the country's transition to a greener automotive industry . Deputy Minister of Investment, Trade, and Industry Liew Chin Tong highlighted these measures in Parliament, aiming to meet rising local EV demand and achieve Net Zero goals under the National Industrial Master Plan 2030 . Key Incentives Tax Exemptions : Full import and excise duty exemptions for imported EVs until Dec 31, 2025 . Full tax exemptions on domestically produced EVs until Dec 31, 2027 . Road tax exemptions for EV users until the end of 2024 . Tax Reliefs : Income tax allowance or pioneer status for energy-efficient vehicle (EEV) manufacturers, including EV components. Individual tax relief of up to RM2,500 for EV charging insta...