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.
Sector Outlook: POSITIVE The U.S. Department of Energy has launched a major initiative to rebuild the country’s nuclear fuel supply chain. This move could significantly benefit Energy Fuels (UUUU), which owns key uranium production infrastructure in the U.S. Key Highlights DOE Initiative Could Be a Game-Changer DOE has called for applications from U.S. companies to build and operate nuclear fuel production lines. Goal: Reduce reliance on foreign uranium and support advanced nuclear reactor development. Fast-tracked approval process aims to attract private investments while de-risking participation. Energy Fuels in Prime Position Operates White Mesa Mill in Utah — the only fully licensed uranium mill in the U.S. Well-positioned with the infrastructure and experience to align with DOE goals. Long-standing ambition to build a fully integrated domestic fuel cycle puts the company ahead of peers. Strong Price Momentum, Weak Fundamentals Energy Fuels stock surged 6.19% to close at $8.24 — ju...