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.
Lembaga Tabung Angkatan Tentera (LTAT) , the pension fund for Malaysia's armed forces, has declared a dividend of 5.25% for 2024 , marking the highest payout in seven years. This translates to a total distribution of RM514.2 million , which represents 87.5% of the fund's net profit . The dividend will be credited to the 125,014 contributors’ accounts on Friday . Key Performance Highlights: Net Profit : LTAT reported a 24% increase in net profit , amounting to RM587.5 million . Total Income : The fund saw a 2.5% rise in total income, reaching RM752.6 million in 2024. Assets Under Management : LTAT’s assets grew by approximately 4% , bringing the total to RM13.6 billion . Reserves : The fund’s reserves surged by an impressive 161% , now standing at RM1.01 billion . This marks the third consecutive year of LTAT’s reserves more than doubling. Strategic Plans: LTAT’s Chief Execut...