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.
Here’s a brief roundup of notable corporate news from Friday: Affin Bank Bhd: The Sarawak government increased its stake in Affin Bank to 31.25% from 4.8%, becoming the largest shareholder. The state acquired the additional stake through its unit SG Assetfin Holdings Sdn Bhd by signing a share purchase agreement with Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd . Gamuda Bhd: Gamuda secured a A$243 million (RM702 million) contract to construct the Boulder Creek Wind Farm in Queensland, Australia. The project involves 38 turbines with a total capacity of 228 megawatts and is expected to be operational by 2027. HeiTech Padu Bhd: HeiTech Padu is acquiring a 30% stake in Souqa Fintech Sdn Bhd , the owner of the PayHalal Islamic payment gateway, for RM16.17 million . The investment will be funded partly by cash and partly by services. Bintai Kinden Corp Bhd: Bintai Kinden is focusing on its construction division to exit Practice Note 17 (PN17) statu...