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.
Record-High RM163.6 Billion Poured into Malaysia’s Digital Sector Digital investments in Malaysia more than tripled to RM163.6 billion in 2024 , up from RM46.8 billion in 2023. Government's push into AI and advanced computing played a key role in attracting capital. Malaysia Digital Economy Corporation (MDEC) led efforts in collaboration with other government agencies. Data Centres and Cloud Infrastructure Dominate Investment Landscape 76.8% of total approved digital investments went into data centres and cloud infrastructure . Malaysia has established a Data Centre Task Force to ensure growth aligns with sustainability goals. Foreign Direct Investment (FDI) Breakdown Singapore : RM57 billion (largest contributor). United States : RM23 billion. China : RM12 billion. Australia : RM2.6 billion. India : RM2 billion. Domestic Direct Investments Concentrated in Klang Valley Klang Valley : RM136 billion. Johor : RM22 billion. Penang : RM3 billion. Sabah : RM423 million...