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.
Key Takeaway: Chinese renewable-energy firms Sungrow Power Supply Co and JinkoSolar Holding Co plan GDR listings in Frankfurt , marking a strategic shift to Europe as they seek to raise capital and expand international profiles. Chinese companies are increasingly viewing Germany as a prime fundraising location , aiming to boost global depositary receipt (GDR) listings. Renewable-energy firms Sungrow and JinkoSolar are preparing substantial Frankfurt listings, with Sungrow targeting 4.88 billion yuan and JinkoSolar planning a 4.5 billion yuan offering through a Shanghai-listed unit. The China Securities Regulatory Commission (CSRC) supports expanding China-Europe financial ties, as indicated by a recent memorandum of understanding signed on Nov 6 with German exchanges. Analysts see this as a timely move, especially as Chinese firms explore alternative fundraising routes amid US-China trade tensions . Although Chinese GDR listings gained traction in Switzerland before regulatory del...