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.
Some of these companies are likely to be in focus on Monday (Nov 21) trade given the recent announcement, rumours and news surrounding them. IOI Corp Bhd return to black Prestariang Bhd gets RM3.54 bil immigration system job from government Ibraco Bhd's 3Q net profit fell 61.1% along with revenue's decline of 46.6% Pintaras Jaya Bhd's 1Q net profit almost doubled on higher construction activities Guan Chong Bhd's 3Q net profit fell 28.6%, on weaker Ringgit BP Plastics Holding Bhd's 3Q net profit fell by 48.9% IOI Corp Bhd return to black IOI Corp Bhd recorded a first quarter net profit of RM104.8 million from a net loss of RM744.4 million a year earlier, on higher income from its upstream and downstream oil palm operations. A filing with Bursa said that significantly lower foreign exchange (forex) loss on its foreign currency-based borrowings also supported profit in the first quarter ended Sept 30, 2016 (1QFY2017). Its ...