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.
KLCC (Holdings) Sdn Bhd (KLCCH) , a subsidiary of Petroliam Nasional Bhd (Petronas) , announced the acquisition of 486 acres of prime land in Bandar Malaysia. The land, previously a Royal Malaysian Air Force base, is located along Jalan Sungai Besi in Kuala Lumpur. The sale-and-purchase agreement, signed on October 4 , was only disclosed recently. While financial terms were not revealed, reports suggest the transaction could be valued at up to RM12 billion , as mentioned in The Edge Malaysia Weekly . Development Plans KLCCH aims to transform the area into: An international business hub , A liveable and inclusive city for the community. The development will be carried out over the long term based on commercial viability. KLCCH, already renowned for managing real estate like the Petronas Twin Towers and other properties in Kuala Lumpur City Centre (KLCC) and Putrajaya, is expected to replicate its expertise in this p...